5-0 Pattern
SKY/BTCSKY / BTC :
BUY : 0.00016
SEL :
TARGET 1 : 0.00020
TARGET 2 : 0.00024
TARGET 3 : 0.00029
STOP LOS : 0.0000020
NZDJPY Bullish 5-0 PatternNZDJPY tested the bottom set on the 3rd of January 2019 at 70.71. Now, it seens to be creating a Bullish 5-0 Pattern or Bullish 50% reversal, however, as I like to trade between Proyected Reversal Zones (PRZ). I have added the 0.618 retracement.
Potential Targets
T1 -(72.78) 100% extention of the move assuming that the bottom has been establish, otherwise, requiere re-calculate.
T2 -(73.64) 161.8% ext and 50% retracement, price broke this support and never looked back, I am sure that bear are waiting for this retracement.
T3 - (74.61) 61.8% retracement.
Trade Ideas Analysis: USDJPY MWaiting for a double top to engage this short trade as a trend-continuation trade.
Great trading opportunity for aggressive trend traders but to note the stops might have to place above the bigger pink box in preventing stop-out.
Conservative trader can look into single target engagement.
Did I mention it is also a 5-0 pattern? :)
FUN LONG- Entry : 99
- Target : 1005 (+915.15%)
- Stop loss : 60 (-39.39%)
- Risk/reward ratio : 14.85
FUN LONG (LONG TERM)Bearish Shark-Bullish 5-0 Type 2 + Bullish Alt Bat Type 2 + Bearish Bat Type 2
T2 1005
T1 770
SL 38