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Lewglasgow

EUR/AUD - Bearish BatFollowing up from my successful prediction for EUR/AUD -0.01% (chart is shown below), price has now formed a valid bearish bat pattern on the 4h chart. The move last week resulted in a profit of almost 300 pips! Now onto the chart in hand, this bearish bat has a potential profit of almost 600 pips... This is not a move I want to miss. 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 price to break the daily trendline and spike up to hit the D point around 1.46000 before stalling out. If you want an insight on the bigger picture, take a look at my analysis on the daily chart below. We may see a sell-off from the trendline but if a breakout occurs this bat pattern will more than likely fall into place. Feel free to connect with me below for more trading related content :)
Short
by LewisGlasgow
GBP/USD - Bullish 5-0I'm back with another 5-0 pattern but this time on the 4h timeframe with GBP/USD. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Price is currently forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at the 1.618 level as a bearish deep crab forms in the same price zone (chart is shown below). Excellent trading opportunity with over 1:4 risk to reward. I've got more analysis on the way, stay tuned!
Long
by LewisGlasgow
13
EUR/USD - Bearish 5-0Wow this is huge! Today we have EUR/USD on the daily chart with a bearish 5-0 pattern, I'm absolutely loving the look of this setup already! 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 pattern links in with my previous idea for EUR/USD with a bearish three drives pattern (chart is shown below). I'm currently long from the beginning of the 3rd price drive, once price hits 1.09800 I'll be going short. This chart is full of confluence, multiple harmonic patterns complete in the same price zone, providing additional confirmation to take the trade. I'd like to thank you all for your continued support, keep sharing and liking my ideas. Feel free to connect with me on social media :)
Short
by LewisGlasgow
35
NZD/USD - Bullish AB=CDWhat's up everyone, here we have NZD/USD with a bullish AB=CD pattern on the 1h chart. The measurements for a valid AB=CD pattern are detailed below. C: 0.618 - 0.786 D: 1.272 - 1.618 Excellent trading opportunity with over 1:3 risk to reward. The D point forms at a key support level in the market which indicates a reversal at this level rather than a D point of 1.618. A to B time completion is expected to be as similar to C to D as possible with around 22 days and 389 price bars. Feel free to connect with me on social media :)
Long
by LewisGlasgow
23
GBP/USD - Bearish Deep Crab (500+ Pips)Hello traders, it appears GBP/USD is now forming a bearish deep crab pattern on the 4h chart. This is an excellent opportunity with a potential 500+ 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 (D point falls short of the minimum requirement, but I'll see how this setup plays out) X to D: 1.618 I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list. Connect with me on social media for more trading inspiration :)
Short
by LewisGlasgow
20
NZD/CHF - Price StructureInteresting setup on the 4h chart for NZD/CHF with a potential shorting opportunity. Price recently broke out of an ascending channel and has now formed a rising wedge indicating a move lower. Upon a break and close below the trendline, I expect price to find support around 0.68100. The 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. Don't forget to follow me on social media for more investing related content :)
Short
by LewisGlasgow
2
NZD/JPY - Inverted Head and ShouldersThere are some amazing setups forming on the charts, here we have NZD/JPY on the daily chart with an inverted head and shoulders pattern. The same pattern can be found on CAD/JPY (chart is shown below). The right shoulder is currently sitting below the 0.50 retracement level but it may complete at 0.618, which is an ideal level as pattern as a whole generally holds a better structure in this situation. The neckline is bang on a key resistance level, closing above this would provide additional confirmation to go long. Use this analysis to back up your own ideas! Don't forget to add me on social media :)
Long
by LewisGlasgow
6
EUR/CAD - Bullish 5-0I'm back with another 5-0 pattern but this time on the 1h timeframe with EUR/CAD. Price is currently completing the C point in between 1.618 and 2.24, it may alter the PRZ depending on where it completes. 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 expect price to fill the 200+ pip gap and stall out at the 50% retracement level as this has proven to be a key level in the market, once this happens I will be looking to go long. Feel free to connect with me on social media :)
Long
by LewisGlasgow
6
Crude Oil - The Bigger PictureInteresting setup on the daily chart for USOIL with a shorting opportunity, price recently bounced off the top trendline and started its short-term decline. I'm expecting a drop to 49.25 before price finds support, it will cross the 200 EMA around this level too which may upon up an opportunity to go long. 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
AUD/CAD - Three DrivesHello traders, here we have AUD/CAD on the daily chart with a potential bearish three drives pattern. I'd like to thank Six Figure Capital student www.tradingview.com for spotting this setup. Price completed the 2nd price drive at the 1.272 extension and we're now completing the 3rd price drive around 1.06000. You will need to pay close attention to price action and candlestick formations in that area for the perfect entry point. The pattern is not as symmetrical as I would like it to be, however, I won't ignore this setup as each point forms at a key level in the market. This is a great trading opportunity with over 1:4 risk to reward. Thank you all for your continued support, don't forget to add me on social media :)
Short
by LewisGlasgow
2
EUR/CHF - Bearish 5-0I'm back with another 5-0 pattern but this time on the daily timeframe with EUR/CHF. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Price is currently forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at 1.618 level. If it drops lower it will complete a bullish shark pattern (chart is shown below), providing a double trading opportunity. This is an early prediction but I love to pick out market turning points :) Wait until price completes both points C and D before going short. I've got more analysis on the way, stay tuned!
Short
by LewisGlasgow
5
CAD/JPY - Inverted Head and ShouldersThere are some amazing setups forming on the charts, here we have CAD/JPY on the daily chart with an inverted head and shoulders pattern. The right shoulder is currently sitting on the 0.50 retracement level but it may complete at 0.618, which is an ideal level as pattern as a whole generally holds a better structure in this situation. The neckline is bang on a key resistance level , closing above this would provide additional confirmation to go long. BUT price could stall out on resistance and sell-off back down to the right shoulder since it is a pivot point in the market. I'll be looking for extra validation in the near future. Don't forget to add me on social media :)
Long
by LewisGlasgow
12
EUR/GBP - Pattern ConfluenceWhat's up everyone, here we have EUR/GBP with a bullish butterfly pattern inside of a bullish AB=CD pattern on the 4h chart. I'd like to thank my good mate www.tradingview.com for spotting this setup. This is an excellent trading opportunity with over 1:4 risk to reward. The D point of both patterns complete at 0.81500, this has proven to be a crucial turning point in the market. Time completion of the AB=CD is off but the setup as a whole looks great. If you want more trading inspiration, follow me on social media :)
Long
by LewisGlasgow
4
AUD/CHF - Bullish CypherHello traders, following up from my successful bearish 5-0 for AUD/CHF (chart is shown below), I have now spotted a bullish cypher which completes at the bottom of an ascending channel on the daily chart. This is an excellent opportunity with a potential 250+ pip return. If you take a look at the daily chart below, price is now approaching the bottom of the ascending channel (as I previously mentioned). Keep an eye on this setup going into next week!
Long
by LewisGlasgow
4
AUD/JPY - Pattern ConfluenceWow this is huge! Today we have AUD/JPY on the 4h chart with a lot of confluence around the 81.500 level. At this level, price will form a valid bullish crab pattern and the C point of two bearish 5-0 patterns. I'm absolutely loving the look of this setup already! That exact same level is a pivot support in the market as shown below. I'll be looking for additional confirmation to go long, if successful it will soon be followed by a short position around 84.800 I'd like to thank you all for your continued support, keep sharing and liking my ideas. Feel free to connect with me on social media :)
by LewisGlasgow
69
GBP/CHF - Bearish AB=CDWhat's up everyone, here we have GBP/CHF with a bearish AB=CD pattern on the 4h chart. The measurements for a valid AB=CD pattern are detailed below. C: 0.618 - 0.786 D: 1.272 - 1.618 Excellent trading opportunity with over 1:3 risk to reward. The D point may complete at 1.618 which is a key resistance level in the market. A to B time completion is very similar to C to D with around 38/35 days and 173/153 price bars. Feel free to connect with me on social media :)
Short
by LewisGlasgow
4
XCU/USD - Head and ShouldersThere are some amazing setups forming on the charts, here we have XCU/USD on the 4h chart with a head and shoulders pattern. The right shoulder formed on the 0.618 retracement level, which is an ideal level as the pattern as a whole generally holds a better structure in this situation. There has now been a pullback to the trendline, providing an excellent area to short. My original analysis for copper still stands, the bullish 5-0 setup which was posted around 3 months (chart is shown below). Both these ideas link well, showing an opportunity to go short and long. Don't forget to add me on social media :)
OANDA:XCUUSDShort
by LewisGlasgow
2
Ripple - Price StructureToday we have XRP/USDT 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 0.007 to 0.075 within just 11 days which is around a 1000% increase in price. Currently, price is trading in between the 0.618 and 0.786 retracement levels, if we see a break of the 0.786 support level we may see a drop to 0.023 before find support again, thus providing an excellent opportunity to buy! Now taking a look at the daily chart below, rippled has failed to consistently close above 0.012 although creating an all time high around 0.1 during February 2016. This month we have closed at 0.07 which is 5x the norm. In addition, the market volume is through the roof as of March 2017, like many other cryptocurrencies. 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. If you want more trading inspiration, connect with me below.
Long
by LewisGlasgow
17
AUD/NZD - Bearish BatWhat's up everyone, here we have AUD/NZD with a bearish bat pattern on the daily chart. Excellent opportunity with over 1:2 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 final take profit level rather than a 0.618 retracement of A to D. I hope you all have a great week!
Short
by LewisGlasgow
4
EUR/GBP - Bullish BatHello traders, here we have EUR/GBP with a bearish bat pattern on the 4h chart. Excellent opportunity with almost 1:3 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 As you can see from the chart below price is trading within a horizontal channel. I'm expecting a reversal just above the main support level. Don't forget to add me on social media for more trading inspiration!
Long
by LewisGlasgow
11