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Lewglasgow

USD/JPY - Bearish Bat (300+ Pip Move)Wow this is huge, we have USD/JPY on a 4h chart with a picture perfect bearish bat pattern. We've got a lot of analysis to cover in this post so please read it all! 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 We have recently broken out of a trading range which is shown in the chart below, I'll be expecting price to correct itself before continuing the move... In addition we are also seriously overbought on all relevant time frames for RSI. I'll be expecting price to stall out around our D point, completing our pattern then a sharp move to the downside. This harmonic pattern looks extremely powerful when you take into consideration all of the analysis above.
Short
by LewisGlasgow
2
AUD/USD - Wider ViewToday we have one for the position traders on a Weekly chart with AUD/USD. Straight away you can see price is trading within a range, creating several layers of support and resistance along the way. We are currently trading below the 200 EMA which I consider a major confirmation for a trend continuation, if we start trading above it my bias will change. There are a lot of picture perfect opportunities forming on the lower time frames, we just need to be patient for now. If you have any additional analysis on this pair feel free to share it below!
Short
by LewisGlasgow
4
XAU/USD - ReviewToday we are looking at XAU/USD on a 4h chart with a review on my previous idea posted 11 days ago, this can be viewed in the related section below. My original analysis predicted a shorting opportunity all the way down to the 1200.00 level, once price hit 1224.50 it quickly reversed in the opposite direction. I'm now reviewing this chart with an opinion on going long, as you can see we are currently trading within a range and price is also trading slightly above our 200 EMA. Once we hit our trendline meeting with our indicator I expect a sharp turn to the upside! All round this has a solid PRZ zone with everything indicating a long position and RSI becoming oversold on the 1h chart.. We're in for a huge trading opportunity. Do you want more trading inspiration? Instagram: www.instagram.com Youtube: www.youtube.com
FX:XAUUSDLong
by LewisGlasgow
2
CRUDE OIL - DirectionOnce again we are looking at USOIL on a Daily chart with a potential shorting opportunity. I'm loving the look of this, you can see we have tested a major turning point in the market which has provided us with our future price direction. We can clearly see that whenever price gets relatively close to our 200 EMA it changes direction very quickly, I can see price going short all the way down to our trendline and meeting our indicator in the same area.
FX:USOILShort
by LewisGlasgow
10
AUD/USD - Extended PatternHere we are looking at AUD/USD again but this time on a 2h chart with an extended harmonic pattern, this is a perfect shorting opportunity. Previously I posted an extended pattern for this pair which was highly profitable, this can be found in the related ideas section below. We are currently trading within a range which has formed a valid AB=CD pattern, in addition we are also approaching the overbought region on all relevant time frames for RSI, I'll be expecting price to stall out followed by a sharp move to the downside.
Short
by LewisGlasgow
2
USD/CAD - DirectionToday we have one for the trend traders on a Daily chart with USD/CAD. Straight away you can see price has created several levels of support and resistance, key pivot points in the market. We are currently trading below the 200 EMA which I consider a major confirmation for a trend reversal, if we start trading above it this setup would be considered invalid. There are a lot of picture perfect opportunities forming on the lower time frames, we just need to be patient for now. If you have any additional analysis on this pair feel free to share it below!
Short
by LewisGlasgow
1
XAU/USD - ConfluenceToday we are looking at XAU/USD on a 4h chart with a major confluence, I'm loving the look of this shorting opportunity already! There is so much going on in this chart, I will start by going into the longer time frames then finish off with our entry. If you look at the chart shown below we have recently broken out of our range on the weekly, this has given us our major support level on the 4h chart. Now going into the 4h chart we have a bearish gartley with our D point just below the trendline making it the perfect reversal zone, this adds extra confirmation to this trade. The measurements for a valid gartley are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786 Coming back into our original 4h chart we have our weekly trendline acting as a major support level, solid PRZ zone with everything indicating a short position and RSI becoming overbought... We're in for a huge trading opportunity. Do you want more trading inspiration? Instagram: www.instagram.com Youtube: www.youtube.com Thank you to www.tradingview.com for the insight on this opportunity.
FX:XAUUSDShort
by LewisGlasgow
6
USD/CAD - Bullish Shark (300+ Pip Move)Wow this is huge, we have USD/CAD on a 1h chart with a picture perfect bullish shark pattern. We've got a lot of analysis to cover in this post so please read it all! 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 I'll be expecting price to stall out around our D point, completing our pattern then a sharp move to the upside. This harmonic pattern looks extremely powerful when you take into consideration the 4h chart shown below. We are currently trading within a range which could have been a triple bottom or bullish three drives pattern, the measurements are not valid for either but this chart provides an outlook on future price movement. This has major potential to push further than 300 pips from entry with an excellent risk:reward.
Long
by LewisGlasgow
2
EUR/GBP - DirectionThere are some amazing setups forming on the charts, here we have EUR/GBP on a Weekly chart. Straight away this could be an excellent selling opportunity once we confirm a bounce off our trendline, RSI is overbought which is another indicator price will start to move to the downside. Taking into account the whole chart we will also have a potential long position in the future, if you have any additional analysis on this pair feel free to leave it below.
Short
by LewisGlasgow
2
EUR/JPY - Bullish CypherToday we are looking at EUR/JPY on a 4h chart with a potential bullish cypher pattern, this is shaping up to be a very nice trading opportunity. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I'll be expecting price to stall out around our D point, completing the pattern then a sharp move to the upside! If you want additional analysis on this pair check out my previous idea in the link below.
Long
by LewisGlasgow
Crude Oil - New LowsThis is huge, we have USOIL on a Daily chart with a picture perfect trend. This is additional analysis supporting my bullish 5-0 idea which was posted 18 days ago, everyone who got in on that trade made some serious profit! We can clearly see that whenever price gets relatively close to our 200 EMA the bears show up, driving it back down to new lows which has happened twice already during the past 10 months. We have already broken the lows of 2009 in the early stages of 2016. Could USOIL reach the 20$ lows of the early 2000's?
FX:USOILShort
by LewisGlasgow
5
EUR/USD - Bullish GartleyHere we have EUR/USD on a 30m chart with a potential bullish gartley, this pattern has taken shape on several time frames. The measurements for a valid gartley are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786 I'll be expecting price to stall out around our D point, completing our pattern then a sharp move to the upside. This harmonic pattern looks very promising when you take into consideration the Daily chart shown below.
Long
by LewisGlasgow
1
EUR/JPY - Bullish ABCDThere are some amazing setups forming on the charts, here we have EUR/JPY on a Daily chart with an AB=CD pattern. Straight away this could be an excellent shorting opportunity from the C-D leg move, we will also have a potential long position in the near future upon completing the D leg. We are bearish on this pair as long as price stays beneath the descending trend line and 200 EMA. Once price hits our C point I will be looking for a short position, breaking our counter trend line!
Short
by LewisGlasgow
NZD/CHF - Bearish CrabToday we are looking at NZD/CHF on a 4h chart with a potential bearish crab, I'm loving the look of this setup already. The measurements for a valid crab pattern are detailed below. B: 0.382 - 0.618 C: 0.382 - 0.886 D: 2.618 - 3.618 Final X to D: 1.618 As you can see from previous price movement our pair has trading within a zone, I would like to see price push out of this area to hit our D point completing the bearish crab pattern at 0.70000 then stall out before making a move lower. I am aware there are other harmonic patterns shaping up within the same chart such as a bearish bat but this is the one I'm watching.
Short
by LewisGlasgow
GBP/JPY - Bearish CypherHere we have another harmonic pattern shaping up, this time we are looking at GBP/JPY on a 4h chart with a potential bearish cypher pattern. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I'll be expecting a spike up to hit our D point, completing our pattern then a sharp move to the downside. I am aware there is also a valid harmonic pattern on the 1h chart which I have seen posted 10+ times on here today but to me this cypher pattern looks very promising.
Short
by LewisGlasgow
5
GBP/USD - Inverted Head and ShouldersToday we have GBP/USD on a Daily chart forming an inverted head and shoulders pattern, this is similar to one of my previous posts but the pattern is flipped. As you can see price has recently formed the right shoulder, ready to make a move towards the neckline. If price starts moving lower, breaking support we may be forming a bullish cypher pattern instead, the link to this idea can be found below! As always feel free to share any complimentary analysis and leave your opinion on this pair.
Long
by LewisGlasgow
8
EUR/CAD - Bearish BatHere we have another harmonic pattern shaping up, this time we are looking at EUR/CAD on a 1h chart with a potential bearish bat, this is looking very promising. 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 I'll be expecting a reversal between 1.48400 & 1.48700 which would complete our D point. If you have any additional analysis on this pair please feel free to share it below.
Short
by LewisGlasgow
6