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LTC/USD - Bearish BatHello traders, here we have LTC/USD with a bearish bat pattern on the 15m chart. It makes a change from posting about the 1h, 4h and daily all of the time. 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 (D leg is slightly extended) Final X to D: 0.886 This is not a chart I'm trading but more to highlight the future price direction of Litecoin, including key areas to buy. If you want more trading inspiration be sure to connect with me below :)
COINBASE:LTCUSDShort
by LewisGlasgow
6
EUR/JPY - Bearish Cypher (300+ Pips)We're looking at another cypher pattern but this time on the 1h chart with EUR/JPY, this is an excellent shorting opportunity with over 1:3 risk to reward... Don't miss out on this one! The D point forms at a major level of resistance, I'm expecting price to stall out on this level followed by an aggressive reversal. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 Feel free to connect with me below :)
Short
by LewisGlasgow
10
BTC/USD - Bullish 5-0Hello traders, following up from my three drives post for BTC/USD (chart is shown below), I'm now looking at a potential bullish 5-0 on the weekly timeframe. If the three drives pattern fails to complete, the bullish 5-0 will be the favoured outcome. 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 have drawn up this pattern before using a C point of 1.618, but it did not form until 2.24 and this is why I'm re-posting. Thank you all for your continued support! Feel free to connect with me below.
BITSTAMP:BTCUSDLong
by LewisGlasgow
4
USD/JPY - Bullish 5-0 patternHere we are looking at a bearish 5-0 pattern on the 4h chart with USD/JPY. As the market price has been moving down for this pair, it seems that we have reached a point of reversal. Signaled by a new higher low at B point (circled), this marks a shift in trend and also a completion of an ABCD pattern referenced in my related ideas. We can look for price to reverse all the way up to C point, then look for a reversal to complete the pattern. Risk Ratio - 3:1 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
GBP/USD - Price StructureWhat's up everyone, here we have GBP/USD on the 4h chart. 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. Price has been trading within the same area since October 2016 due to the flash crash, which created an all-time low in the market. I'll be keeping a close eye on this structure for a breakout, hopefully this will occur in the near future. Please feel free to leave your opinion below.
by LewisGlasgow
1
USD/CHF - Bullish GartleyHello traders, there are some amazing setups forming on the charts, here we have USD/CHF on the 4h chart with a bullish gartley pattern. This is an excellent opportunity with a solid 1:2 risk to reward! The D point aligns with the daily trendline, which further validates the reversal around 0.97500. 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 :)
Long
by LewisGlasgow
10
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