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Lewglasgow

AUD/NZD - Bullish BatWhat's up everyone, here we have AUD/NZD with a bullish bat pattern on the 4h chart. Excellent opportunity with over 1:3 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 (price closed below the 50% but I would still consider the structure valid) C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 The D point aligns with the daily trendline which has proven to be a key pivot point in the market, I'm expecting price to stall out upon completion. I hope you all have a great week!
Long
by LewisGlasgow
14
Siacoin - Price StructureToday we have SC/BTC on the 15m chart, as there is not a lot of data for this asset, however, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief overview. As you can see price is creating several key areas of support and resistance which we can use to our advantage. Currently, price is trading in between 340 and the trendline , if support holds and we manage to stay in this zone we will see a break of the trendline followed by a big move up! If we see a break of support price will drop to the zone below, trading between 340 and 290. A close below 290 would see price drop to lower levels. Siacoin is currently a part of my portfolio, they have excellent potential long term. Now taking a look at the 1h chart below, I would pay close attention the area between the 0.382 and 0.618 retracement levels, price seems to be reacting at these levels. A close above 0.382 would be a good confirmation for a move up. Price is currently creating lower highs and lower lows, we need to break the previous high to see a big move up. The main purpose of this post is to highlight the key price structure within the market. If you want more trading inspiration, connect with me below.
Long
by LewisGlasgow
34
Crude Oil - Change of DirectionInteresting setup on the daily chart for USOIL which appears to be trading within a descending channel, price recently broke a solid support trendline which had been holding for around 12 months. It will be interesting to see if price respects this structure going forward. The main purpose of this post is to highlight the key price structure within the market... Refer to this chart whether you're going long or short. Feel free to connect with me on social media :)
TVC:USOILShort
by LewisGlasgow
14
CAD/CHF - Harmonic ConfluenceHello traders, here we have CAD/CHF with a bullish bat and bullish AB=CD on the 4h chart. Excellent opportunity with over 1:3 risk to reward. I'm looking for a second entry on this move. 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 The D point completes on a level of daily support (chart is shown below), price is currently stalling on this level and I'm expecting an aggressive reversal. Feel free to connect with me on social media :)
Long
by LewisGlasgow
46
Stellar - Pressure is BuildingHello traders, following up from my price structure post for STR/BTC (chart is shown below), I have now spotted a bearish three drives pattern indicating a move up to 3670. Price completed the 2nd price drive at 1.56 and we're now in the middle of the 3rd price drive which I am currently capitalising on. As shown below price is currently consolidating between 2900 and the trendline, the maximum length of time we can stay in this area is 3 days. A clear break and close above 2900 will see price heading towards the high at 3100, from there we will analyse further for a move up to 3670. I don't expect to short this pattern, this is just additional analysis to back up the price move to 5000. Thank you all for your continued support, feel free to connect with me on social media :) Don't forget to join the Stellar Telegram group: @StellarLumens
SLong
by LewisGlasgow
92
Crude Oil - Bullish GartleyThere are some amazing setups forming on the charts, here we have USOIL on the 4h chart with a bullish gartley. Price has broken the daily trendline, I'm expecting a pullback upon completion of the gartley pattern before continuing the move lower. 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 If you want more trading inspiration be sure to connect with me on social media :)
TVC:USOILLong
by LewisGlasgow
7
EUR/GBP - Bearish BatWhat's up everyone, here we have EUR/GBP with a bearish bat pattern on the 1h chart . Excellent opportunity with over 1:4 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 The B point formed at a key level in the market, therefore I'm using this as my mid-way target. I will more than likely close my position here and re-enter with 50% of my original position size. If you take into consideration the 4h chart below this could be an excellent shorting opportunity. I'm expecting a false breakout followed by a huge move down, all Euro pairs are indicating a Euro weakness right now. I hope you all have a great week!
Short
by LewisGlasgow
22
USD/JPY - Bearish CypherHello traders, it appears USD/JPY is now forming a bearish cypher pattern on the 4h chart. This is an excellent opportunity with a potential 350+ pip return! 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 once it reaches the D point, keep this setup on your watch list. Remember we have a lot of high impact news over the next week. Connect with me on social media for more trading inspiration :)
Short
by LewisGlasgow
21
Stellar - Where Have We Seen This Before?I'm back after a long week off the charts, I've been focusing on new educational content for my private students and I bought a new car so I've been extremely busy, apologies for being inactive! Today we have STR/BTC on the 1h chart, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief overview. As you can see we have just experienced a move from 0.00000400 to 0.00004900 within just 3 days which is around a 1000% increase in price. This is extremely similar if not, the exact same as my analysis for ripple during April 2017. Currently, price is trading in between the 0.50 and 0.786 retracement levels, if we see a break of the 0.50 resistance level we will be heading straight for 0.00005000, thus providing an excellent opportunity to buy! Now taking a look at the 30m chart below, we are holding a great structure whilst respecting the 0.50, 0.618 and 0.786 retracement levels, keep an eye on the trendline for an entry point on the move up. I wish you all the best in your trading, feel free to connect with me below!
SLong
by LewisGlasgow
162
EUR/CHF - Bearish SharkHello traders, here we have EUR/CHF with a bearish shark pattern on the 4h chart. This is an excellent shorting opportunity with over 1:2 risk to reward! 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 This pattern could potentially turn into a 5-0 in the near future, after a successful short. To add to this short position check out my analysis on the daily chart below. Price seems to be respecting key levels... We've just hit the top of a descending channel, I'm expecting further downside movement. Feel free to connect with me below :)
Short
by LewisGlasgow
30
Ripple - Time to ShineI'm bringing you guys something entirely new on Ripple, this cryptocurrency is one that has definitely become more and more appealing over the past couple of months. The setup in front of you today is on the daily timeframe :) feel free to check out my previous post for Ripple (chart is shown below). Price is still respecting the 0.618 and 0.786 retracement levels, use these to your advantage when entering a position. Now onto the bigger picture, the curve presented on the chart can be seen across various financial markets and is simply a representation of an asset becoming less valuable over a long period of time. As price is pushed towards the lowest possible value there are three potential outcomes: 1. Ripple will crash (highly unlikely). 2. It will continue to trade below the curve. 3. Experience a huge breakout to the upside (of course, this is what happened at the beginning of April). Since the breakout price has closed at the highest level in the past 2 years, I'm expecting the next move up to align with the all-time high, exceeding the previous high. This post was merely an introduction to the technical side of Ripple, but I hope you gained a lot of insight from this short piece of analysis. Updates to follow! Don't forget to add me on social media :)
Long
by LewisGlasgow
15
XAU/USD - Bearish GartleyThere are some amazing setups forming on the charts, here we have XAU/USD on the 4h chart with a bearish gartley. 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 This is a potential outcome for this pair, I would analyse the higher timeframes for direction before entering the move. If you want more trading inspiration be sure to connect with me on social media :)
OANDA:XAUUSDShort
by LewisGlasgow
20
BitShares - The CurveI'm back with another market insight on cryptocurrencies, today I'm on the daily chart with BTS/BTC. This idea is extremely similar to my post yesterday with Ripple (chart is shown below). Again, just like XRP this cryptocurrency is one that has definitely become more and more appealing over the past couple of months, especially now because of the potential return short and long term. The curve presented on the chart can be seen across various financial markets and is simply a representation of an asset becoming less valuable over a long period of time. As price is pushed towards the lowest possible value there are three potential outcomes: 1. BitShares will crash (highly unlikely). 2. It will continue to trade below the curve. 3. Experience a huge breakout to the upside. I'm expecting a big move up this year! I'll be using the three key zones highlighted in grey as an indication to where price will stall before continuing the move up. This post was merely an introduction to the technical side of BitShares, but I hope you gained a lot of insight from this short piece of analysis. Updates to follow! Don't forget to add me on social media :)
Long
by LewisGlasgow
50
XAG/USD - Shark and 5-0Hello traders, here we have a bullish shark pattern and bearish 5-0 pattern on the 4h timeframe with XAG/USD. Price is currently completing the C point of the bearish 5-0 at the minimum 1.618 level which aligns with a valid bullish shark, although it could drop further before making a move towards the PRZ. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 This is an early prediction, I'll be analysing this pair further once it approaches 15.68000. I hope you all have an amazing weekend when it comes!
OANDA:XAGUSD
by LewisGlasgow
6
USD/CAD - Bearish Deep CrabHello traders, it appears USD/CAD is now forming a bearish deep crab pattern on the 4h chart. This is an excellent opportunity with a potential 300+ pip return! The measurements for a valid deep crab are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.24 - 3.618 X to D: 1.618 I'll be expecting price to stall out once it reaches the D point, this forms on a key level of resistance! Keep this setup on your watch list. Connect with me on social media for more trading inspiration :)
Short
by LewisGlasgow
10
Ripple - Cup and HandleUpon finding this cup and handle pattern it reminded me of my previous idea for ETC/USD (chart is shown below). The pattern above was absolutely perfect, we saw a move from $2.50 to $5 within a matter of weeks. Now, I'm expecting the same for XRP/USDT a move from $0.05 to $0.075 before stalling out and forming a descending channel (the handle). Once we see this happen I'll be paying close attention to candlestick formations and price structure for a potential breakout to the upside, if successful we will see a move to $0.12. Over two weeks ago I posted my view on the 1h timeframe, I noticed that price was respecting the 0.618 and 0.786 retracement levels (chart is shown below). Since then, price dropped down to the 0.786 retracement level one more time before skyrocketing. To further validate the move up to $0.12, check out my analysis on the daily timeframe below. I've got plenty more analysis on the way, keep supporting my ideas and don't forget to add me on social media!
Long
by LewisGlasgow
188