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Chrisschultheis

USD/CHF - AB=CD + Fibonacci Retracement + Moving AverageHello, traders! Today, we are looking at TONS of confirmation with the USD/CHF on he 1D chart After the completion of the Bullish ABCD pattern, it looks as though price will be reversing at the 0.618 level. This is also confirmed by the Moving Average Indicator set to 50. Price will continue to go down in the days to come as long as price doesn't break out of the descending channel . Risk Ratio 1:2 The measurements for a valid ABCD pattern are detailed below. AB: 0.618 - 0.786 CD: 1.272 - 1.618
Short
by cdschultheis15
2
USD/JPY - Bullish 5-0 patternHere we are looking at a bearish 5-0 pattern on the 4h chart with USD/JPY. As the market price has been moving down for this pair, it seems that we have reached a point of reversal. Signaled by a new higher low at B point (circled), this marks a shift in trend and also a completion of an ABCD pattern referenced in my related ideas. We can look for price to reverse all the way up to C point, then look for a reversal to complete the pattern. Risk Ratio - 3:1 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Long
by cdschultheis15
USD/JPY - Bearish 5-0 Here we are looking at a bearish 5-0 pattern on the 1h chart with USD/JPY. As price continues to drop this week, we have an opportunity for price to reverse at the the C point measuring at 2.24. This is the maximum extension for the C point on the 5-0 pattern, which continues to leave the opportunity open for profit. The measurements for this pattern are coming in so perfectly that I will be opening a position to follow price from C to D point. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Short
by cdschultheis15
CAD/CHF - Bullish Bat + Trend Channel BreakoutHere, we are looking a bullish bat on the 4h chart with CAD/CHF. With price breaking out of the top trend channel into the bottom trend channel, we can expect the market to make its way down to the bottom trend channel support line. Given the bat pattern and the support line from the bottom channel, we can not only get a better look at WHERE the price will reverse but WHEN. This is definitely a set up to keep an eye on in the next coming weeks. The market has given us an opportunity of a 1:5 risk to reward! The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886
Long
by cdschultheis15
USD/TRY - Bullish Shark + Bearish 5-0 COMPLIMENTARYHello, Traders! Today we are looking at TWO COMPLIMENTARY PATTERNS! We have a bearish shark and a bullish 5-0 pattern on 4h chart with the USD/TRY. I literally just found these two patterns and that compliment the price direction of the market on my previous analysis referenced below. vvv Again, these patterns are not only running complimentary to each other, but also in the projected fundamental direction of the USD this week. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 The measurements for a valid SHARK are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13
by cdschultheis15
GBP/USD - Bearish Shark + Bullish 5-0 COMPLIMENTARYHello, Traders! Today we are looking at TWO COMPLIMENTARY PATTERNS! We have a bearish shark and a bullish 5-0 pattern on 4h chart with the GPB/USD. With the completion of the shark pattern, we can expect price to reverse down the 1.2260 level That will then complete the 5-0 pattern and we can expect another reversal. With the projected strength of the dollar this week, that gives up both technical and fundamental confirmation. I am super pumped to kick off the week! the charts are looking too good!! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 The measurements for a valid SHARK are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13
by cdschultheis15
AUD/NZD - Bullish Bat + Bearish Bat + TrendlinesHope everyone had a great weekend! Marks are about to open and I am PUMPED! Just now, we are looking at the AUD/NZD on the 4h chart. I have targeted strong trendiness in the market along with TWO bat patterns! The bullish bat has just finished completing at the end of last week. Looking at the bigger picture, price points in the bullish bat compliment a much larger bearish bat that we can look to for a completion in the days to come. Some might argue that some of the price points on these patterns are not spot on, however, the trend lines I have marked on the chart compliment the patterns shown, adding more confirmation to the prediction in price movements. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886
by cdschultheis15
NZD/JPY - Bearish 5-0 & Bearish Deep CrabI hope everyone had a great weekend! The markets are looking as good as ever! Today, to start off the week, we have NZD/JPY on the 1W chart. This is looking great for the long term! In the up turn of the market, we have been hitting some resistance the past couple weeks. At this point, we are seeing the completion of a BULLISH 5-0 and a BULLISH DEEP CRAB pattern. With the two harmonic patterns completing at this point, along with the market hitting the resistance of this current trend line, we can expect a HUGE price reversal VERY SOON. This will be a good one to hold onto for the weeks to come! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 The measurements for a valid deep crab pattern are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.0 - 3.618 Final X to D: 1.618
Short
by cdschultheis15
1
AUD/USD - BEARISH 5-0 ----TITLE CORRECTIONLots of opportunity on the charts to start off they year! Here at Six Figure Capital, we are all taking advantage of all the opportunities!!! Today, we are looking at AUD/USD on the 4h chart. Price seems to be trending down, and within the down trend a BEARISH 5-0 seems to have completed in the 0.7360 zone. Throughout my studies of this pattern, it seems to be very common for price to hit the 0.5 mark and then flirt between the 0.5 and 0.618 before the price reversal actually hits. When price breaks below the 0.5 mark, then we can look to enter a position. Referring to @Lewglasgow analysis of this pattern, price is also hitting a trend line in the down trend of this pair. Now, we just play the waiting game... The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Short
by cdschultheis15
AUD/USD - Bullish 5-0Lots of opportunity on the charts to start off they year! Here at Six Figure Capital, we are all taking advantage of all the opportunities!!! Today, we are looking at AUD/USD on the 4h chart. Price seems to be trending down, and within the down trend a bullish 5-0 seems to have completed in the 0.7360 zone. Throughout my studies of this pattern, it seems to be very common for price to hit the 0.5 mark and then flirt between the 0.5 and 0.618 before the price reversal actually hits. Referring to @Lewglasgow analysis of this pattern, price is also hitting a trend line in the down trend of this pair. Now, we just play the waiting game... The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Short
by cdschultheis15
2
NZD/USD - Bullish Bat + Descending Channel **ANOTHER ONE**WE GOT ANOTHER ONE! Today, we have the NZD/USD -1.02% on the 1W chart. It looks like we have potential for ANOTHER bullish bat! LOTS of confirmation on this analysis! The pattern is forming within the ascending and descending channel . For all you fundamentals out there, the U.S. will be raising rates 3 more times this year. That means price will be going down, which explains the descending channel The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886
Long
by cdschultheis15
NZD/USD - Bullish Bat + Descending ChannelHello, everyone! Happy New Year!!! Coming into the new year is looking good! So much potential in the markets!!! Today, we have the NZD/USD on the 1D chart. Here in the months to come, it looks like we have a bullish bat pattern forming. LOTS of confirmation on this analysis! The pattern is hitting critical points on trend lines within the ascending and descending channel. For all you fundamentals out there, the U.S. will be raising rates 3 more times this year. That means price will be going down, which explains the descending channel The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886
Long
by cdschultheis15
CAD/CHF Bullish 5-0 400+ pips!!!Here we have the CAD/CHF on the 1D chart. We are looking for price to hit and reverse at either C point, then touch at the respective D point to complete the bullish 5-0 pattern. It should be noted that price has the potential to bounce in between either C point. In that case, we can adjust our D point accordingly. This one is looking good for the weeks ahead! Definitely one to keep an eye on! The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 I would really appreciate any feedback on this trade. Other ideas are more than welcome as well! Comment below! vv
Long
by cdschultheis15