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Kylemcquade

NZDCHF ShortTonight at 22:00 (GMT+1; London) we will see the release of the Interest rate decision from the Royal Bank of New Zealand (RBNZ). There is widespread all-but-certainty that this rate will sit static at 1.75% due to to soft economic growth amidst debated inflationary pressures. It has been whispered that depreciation is key to economic growth domestically within the country. Data aside, the Kiwi moved north in a bullish channel on the weekly chart (with some false breaks on the daily timeframe). This channel has now been blatantly broken to the downside- as has support from within the channel, at which point we are now testing as resistance. This move has formed a bearish 5-O, which would come in successful should it follow a bearish decision. Remember, the consensus of 1.75% has already been priced into the market. The market will flow naturally from here-on, unless consensus is not met. I do not normally enter before a decision is made, however, this set up will only turn aggressively bullish should the rate be risen. 5-O Ratios B:1.13-1.618 C:1.618-2.24 D:50%
Short
by KyleMcQuade
NZD/USD - Bullish 5-0 + GOLDEN RATIO X3Hello traders! I am SUPER excited about this set up. I have been keeping an eye on this since markets opened this week. We are looking at a bullish 5-0 on the 4H chart with NZD/USD. Given the Fibonacci measurements at C point, it has been measured to the GOLDEN RATIO not only once...not twice...but THREE TIMES! I usually never trade this pattern down unless the first 4 measurements of a 5-0 match a shark pattern, but you cant ignore confirmation like this. I'll be trading this pattern down until it hit D point (0.7010), closing profit and following it up with a long position back up to (0.7200). 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
2
NZD/USD - Bearish Shark + Bullish 5-0 + CONFLUENCE + DOUBLE PLAYMAJOR CONFLUENCE HERE TRADERS! I am super excited about this set up! Today, we have a bearish shark and a bullish 5-0 on the 4H chart with NZD/USD. Sharks and 5-0s compliment each other, given the similar Fibonacci measurements. The bearish shark is already completed and running in profit. We can look to sell this one down to the 50% retracement to about the 0.6900 level. That will then complete the D point on the bullish 5-0. We can close out our short position and open a buy order. REMEMBER: Set your STOP LOSS accordingly. DO NOT risk more than 1-2% of your account. Set up like this are HUGE on growing your account and profiting on both ends. Risk/Reward Ratio - 1:4 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 Risk/Reward Ratio - 1:3.55 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
by cdschultheis15
1
EUR/USD - Bearish Bat - 500+ PIPS!!Hello, traders! Today, we are looking at a bearish bat on the 1D chart with EUR/USD. Price made its way to D point last week and has been stalling for a few days. With the market opening back up just barely in profit, this trade is looking good to enter! For fundamental confluence, today being a holiday (Memorial Day), we should see the USD gain strength. Risk/Reward Ratio - 1:4 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
Short
by cdschultheis15
1
USD/CHF - Bullish Gartley + Trend ChannelHappy Memorial Day from here in the USA, traders! Great set up to open up the week! Here, we are looking at a bullish gartley on the 4h chart with USD/CHF. Price has been spending the last few days stalling at D point, which is also at the bottom of the current trend channel. For fundamental confluence, the USD should be gaining strength today since it is Memorial Day. People love to celebrate and spend their money. Time to place your trade and set you stop loss accordingly! The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786
Long
by cdschultheis15
NZDCAD ShortHi guys, today we have a near-perfect gartley on the 1hr chart of the NZDCAD. The pattern is just as well on the 4hr but price is very volatile and the movement can be more clearly justified in the 1hr. Now, as volatile a pair as we are presented with, price is consecutively making lower highs- which can be seen vividly on the 4hr and even daily chart (after the spike). Digging deeper, if we move outward to the weekly chart, we can clearly see that the area between our X and D co-ordinates have proved to be key resistance in the past. Bearish Gartley, lower highs and key resistance- in that order all across 3 timeframes. Look below to see the bigger pictures; I will post them in order from lowest to highest time frame. Minimum 1:2 R:R as always, I will be looking enter this as soon as the market opens. Praying for no gaps! Gartley ratios: B: 0.618 C: 0.382-0.886 D: 1.272-1.618 xD: 0.786
Short
by KyleMcQuade
STR/BTC - Cryptocurrency Space Race To MoonStellar Lumen is a rocket for good reason...It's on it way to the moon. Price is now bursting through the triangle, and heading for the the final price levels before the major explosion. It may flirt in the channel between 0.00003380 and .00002880 before making it big LAUNCH. We are in the midst of a cryptocurrency BOOM! With the radioactivity and uncertainty that Ripple has created from its explosion in price, people are looking to take there profits and reinvest. Where else better to invest than its competitor?
SLong
by cdschultheis15
5
EURCAD ShortHere we have a bearish bat on the 4 hour chat of the euro-cad. Looking at the daily chart, there has been action around the X and D points previously. Price has already dipped form the D point and looks to be making a double top! Looking through the euro across the market, all the euro pairs look ready to drop- especially those with a harmonic pattern (see euro-pound idea below). I don't tend to use indicators, but there is clear divergence across the MacD and RSI instruments Bat ratios A: 0.382-0.5 B: 0.382-0.886 C: 1.618-2.618 xD: 0.886
Short
by KyleMcQuade
6
NZD/CAD - Bullish 5-0 + GOLDEN RATIO x2 + 50% RETRACEMENT X2Hello, traders! This set up is looking too good to pass! Here we have a bullish 5-0 on the 4H chart with NZD/CAD. Absolutely nothing but GOLDEN RATIOS & 50% RETRACEMENTS. With price making its way up to C point (0.96176),we will look for price to reverse and make it way down to D point (0.93955) and completing the pattern. It should be noted that C point (0.96176) is a strong support/resistance zone in the market. Risk/Reward Ratio - 1:3.5 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
2
NZD/CHF - Bearish 5-0Hello, everyone! I hope everyone week is going well. Today, we are looking at a bearish 5-0 on the 1D chart with the NZD/CHF. Price is making its way down to C point measuring in at 1.618, which is also a very strong support and resistance zone for this pair. With price reversing at C point, we can look to place a position at the 0.50 retracement coming in around 0.7024 Risk/Reward Ratio - 1:3 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 - Bearish 5-0Hello, traders! I hope everyone had a great weekend. I am PUMPED for the week ahead! Here, we have a bearish 5-0 pattern on the 4h chart with the CAD/CHF. The Canadian Dollar is looking bullish on all charts this week. With price beginning to reverse at the C point, which is a strong support/resistance zone, we can look for price to make its way up to D point. The level in the market we are looking for a reversal in price is 0.7424 Risk/Reward Ratio - 1:3 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
Crude Oil - Market DirectionWith being sure Oil was going to continue its way down on price, OPEC hit us with a curve and decided to change things up... Announcing the decrease in production by 1.3 million barrels a day, we have seen the price for Crude and Brent Oil skyrocket. Now, we have price hitting a heavy resistance level... Will this recent chance in oil production be enough to break this price level this week? Only time will tell... Please feel free to comment your ideas below. vv
OANDA:WTICOUSD
by cdschultheis15
CAD/CHF Stong Trend ChannelHere, we have CAD/CHF on the 4H chart. I have been keeping my eye on this channel for the past month. If you are familiar with the book "Naked Forex", the past three price reversals have been TEXTBOOK PERFECT! The most recent price reversal was confirmed by a hanging man candlestick followed by a long bearish candlestick. We can expect the price to continue to drop to the .7200 level within the next week or so. When it does reach the .7200 level, we can then expect price to possibly reverse or break the channel. If the price does reverse, we can look to place a long position back up to the top of the channel. Lots of possibilities for this pair...
by cdschultheis15
NZD/USD Bearish 5-0Today, we have a Bearish 5-0 pattern on the NZD/USD 4h chart. I never trade solely off Head and Shoulders patterns, but they are good for further confirmation. Depending on when the D point hits, I have given both options for the C measurement on the graph. They are differentiated by color: Green = C:1.618 Blue = C:2.24 Also, I have high lighted in red where the price jumped due to the Presidential Election yesterday... I am making a personal decision not to include that in the Right Shoulder or 5-0...it seemed to just be a hiccup in the market. 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
NZD/JPY - Bearish Crab + Channel BreakoutHere we have a possible bearish crab forming on the NZD/JPY 4h chart. This post is a based on @lewisglasgow 's previous post on this pair. Different pattern, similar measurements. This is one may be a long shot, but the price has broken out of the current descending channel that started at the beginning of the year. The measurements for a valid crab pattern are detailed below. B: 0.382 - 0.618 ---> (0.618) C: 0.382 - 0.886 ---> (0.886) D: 2.24 - 3.618 ---> (2.825) Final X to D: 1.618 ---> (1.618) Only time will tell in the weeks to come! Instagram: _c_schultheis
Short
by cdschultheis15
1
XAG/USD Bullish Gartley or Crab PatternI love the weekend. Markets aren't moving. It gives a technical trader quality time to analyze as many pairs as they desire with little to no rush, while examining all possibilities of price movement. Today, we have a bullish gartley and crab on the XAG/USD 1h chart. With both pairs we are watching for the price to drop in the next few days. I would say the gartley pattern is more likely since it is inside the channel. However, if price breaks down below of the channel, look for the crab pattern. The measurements for a valid gartley pattern are detailed below. B: 0.618 ---> (0.618) C: 0.382 - 0.886 ---> (0.638) D: 1.272 - 1.618 ---> (1.418) Final X to D: 0.786 ---> (0.786) The measurements for a valid crab pattern are detailed below. B: 0.382 - 0.618 ---> (0.618 C: 0.382 - 0.886 ---> (0.638) D: 2.24 - 3.618 ---> (3.534) Final X to D: 1.618 ---> (1.618) Please fee free to critique this analysis or give your own analysis in the comments below. Instagram: _c_schultheis
OANDA:XAGUSDLong
by cdschultheis15
AUD/JPY 4h Bearish Crab + Trend LinesHere, we have a Bearish Crab on the 4h chart. Valid measurements for a Crab pattern: B: 0.382 - 0.618 ----> (0.586) C: 0.386 - 0.886 ----> (0.859) D: 2.24 - 3.618 ----> (3.049) X to D: 1.618 ----> (1.618) Also, we have a trend line running under C and D point. The second trend line that is barely visible, shown just above D point, is part of a descending channel that has been running for the past year. With these two trend line running into one another, along with the Bearish Crab harmonic pattern, we have confirmations on multiple time charts that price is about to reverse. I am very excited to see how this trade will play out in the weeks to come. InstaGram - @_c_schultheis
Long
by cdschultheis15
EUR/GPB - Bearish BatToday, we have a look at the EUR/GPB on the 4h chart. It seems as though a BEARISH BAT pattern is beginning to form. The valid measurement for a bat pattern are as follows: B: 0.382 - 0.5 ----> (0.416) C: 0.382 - 0.886 ----> (0.7) D: 1.618 - 2.618 ----> (2.609) X to D: 0.886 ----> (0.886) This pattern has formed after breaking out of the ascending channel that started in the beginning September. Further evidence for the upcoming reversal is supported by the RESISTANCE zone at 0.8700 >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> This is also looking like the rest of right shoulder forming from @lewisglasgow 's HEAD & SHOULDERS pattern on: vvv EUR/GBP - Extended Pattern vvv ^^^A further play off of @lewisglasgow 's idea:^^^ After the BEARISH BAT pattern completes, we can look for the price to drop short term to the 0.86000 level... There seems to be some support at the level...(Referring to Lewis's BEARISH BAT pattern on his idea referenced above)^^^ IF the price breaks the 0.86000 support level, we can look for the rest of the right should to form and possibly dropping to the 0.84000 level Any comments or suggestions are always welcome. Let me know what everyone thinks!
by cdschultheis15
2