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Lewisglasgow

EUR/USD - Bullish BAMMWow this is huge! Today we have EUR/USD on the 4h chart with a bullish BAMM (Bat Action Magnet Move) setup . This is a follow up from my previous post (chart is shown below), where price formed a valid inverted head and shoulders pattern. Today's setup further validates the move up, as we have a bearish bat currently completing the C to D 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 To add to this price is currently trading within an ascending triangle, this structure is holding really well. Once I see a clear indication that price has broken and closed above the key resistance level (inverted head and shoulders neckline) I'll be going long. Green area displays the profit zone. I understand the BAMM theory will be relatively new to most traders, this style of trading simply focuses on a breakout of the B point. Feel free to connect with me below :)
Long
by LewisGlasgow
30
EUR/NZD - Bearish Shark (500+ Pips)Hello traders, here we have EUR/NZD with a bearish shark pattern on the 4h chart. This is an excellent shorting opportunity with over 1:3 risk to reward, don't miss out on this one! 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 The D point forms at a strong level of resistance, therefore it is unlikely this pattern will form at an X to D of 1.13. This pattern could potentially turn into a 5-0 in the near future, after a successful short. Feel free to connect with me below :)
Short
by LewisGlasgow
5
EUR/AUD - Waiting for the BreakInteresting setup on the daily chart for EUR/AUD with a potential breakout, price is currently trading within a descending triangle and is approaching breaking point... Keep an eye on price action around 1.43000 for any indications of a false breakout and opportunity to short. I'm currently long on this pair from 1.38800 (check out my analysis by clicking the link below). www.tradingview.com Please feel free to leave your opinion below.
Short
by LewisGlasgow
7
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/JPY - Bearish 5-0Wow this is huge! Today we have USD/JPY on the 1h chart with a perfect 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 I consider this pattern to be perfect as both B and C points come in a 1.618. I'll be trading this pattern in a different way than normal, due to the dollar gaining strength this week I'll be going long from C to D before going short. A valid inverted head and shoulders pattern has formed on the 15m chart which would be an excellent entry point (chart shown below). To add to the bearish 5-0, price has formed a valid reciprocal AB=CD pattern which completes at the D point (chart shown below). I hope you all have an excellent week. Here's to your success!
by LewisGlasgow
6
XAU/USD - Bearish Bat (Continuation)Following up from my prediction over 2 months ago with XAU/USD which resulted in a move from $1249 to $1198 (chart shown below), I'm now looking to get back in to continue the move lower. Price has hit in between the 50% and 61.8% retracement, exactly where the D point of the bearish bat pattern has formed. 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 Taking into consideration one of my other charts (shown below) indicating a potential lower low in the market, price has now hit the daily trendline at $1233 right on the D point of the bearish bat pattern. All round this is an excellent trading opportunity with over 1:4 risk to reward.
OANDA:XAUUSDShort
by LewisGlasgow
8
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