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Six000

AUDJPY Bullish GartleyGood morning guys. I have looked at a few of the AUD pairs and found a bullish shark on the AUD/CAD at a strong level of support (will be published later). In addition, I have now came across this Gartley pattern, also hovering around a strong support/resistance zone. I will be looking for bullish sentiment in the coming week or so through fundamental releases to add confluence to the bullish pattern. The bigger picture can be seen below, where price has previously stalled/reversed around the D level. Gartley ratios: X:B = 61.8% A:C = 38.2%:88.6% B:D = 127.2%:161.8% X:D = 78.6%
Long
by KyleMcQuade
NZDCAD - The Ugliest Butterfly You've Never SeenAbove you can see a very only-shaped butterfly ; price isn't exactly flowing from each co-ordinate to the next but the ratios fit the bill, so it's a butterfly . The reason I am at least considering taking this trade is the level of support- you can see in the update below that price is at a key level of weekly support/resistance . Furthermore, the daily trend line has been broken (before price subsequently dropped after the NZD government announcement). Bearish in mind that price goes through cycles of trending, then consolidation before making new trend, the false break of the daily trend line could be a sign of the beginning of a consolidating market for this pair. And I don't have to tell you which types of markets harmonic patterns work best in! Butterfly ratios: X:B = 78.6% A:C = 38.2:88.6% B:D = 1.618-2.24% X:D = 127.2%
Long
by KyleMcQuade
AUDUSD Short - BAMM TheoryGood morning, This week I am aiming to trade more on the 1 hour charts- mainly to fill in the time in between larger price fluctuations; I will be looking for movements that suit the larger time frame! On the 4 hr chart we have a long crab pattern but price still has some way to go until it meets the D point. Above you can see a short position on the 1 hour, that would support this- We have a bearish BAMM (Bat Action Magnet Method) formation. For this to form, we need a valid bat pattern (check) whilst we wait for price to break and close below the B level (0.782). At such time we will enter our short position and hold until price reaches the final D point (PRZ). Risk should be at least 1:2, as always.
Short
by KyleMcQuade
1
Ripple - The Road to $1What's up traders, I'm back with a brand new market insight on cryptocurrencies, today I'm on the 12h chart with XRP/BTC. This is my first piece of analysis since my prediction back in April 2017 when I predicted the breakout from $0.03 (chart is shown below). Ever since investing in Ripple in early 2017 I've always had a long term target of $1 based on the technical aspect of the asset and the fundamental background of the company. 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. (Since Ripple achieved a new all time high the asset has depreciated 85% and created a market low at 3450). You can see the curve illustrated is similar to the one we previously experienced this year. The present curve is acting as a resistance barrier which is keeping price from breaking out, as you can see we have formed a solid support trendline and price is now being squeezed between 4000 and 6000. We need a lot of volume behind this move for it to be successful, I believe the SWELL conference can provide this if the result is positive. To all of you who are not aware Ripple are holding the SWELL conference in Toronto over the next 3 days and this will impact the short term direction of Ripple, you can tune in to watch it live here: swell.ripple.com A lot of hype has been built up around this event but it was shortly buried as BTC stole the spotlight with a move to around $6,000. I'll be sure to update this move as it progresses, I look forward to watching the live feed for SWELL and see how the market reacts, if the result is negative I still believe Ripple to be an excellent addition to anyones portfolio over the longer term. Don't forget to leave a thumbs up and follow me for more analysis.
Long
by LewisGlasgow
20
CAD/CHF - Bearish 5-0Hello, Traders! I hope everyone is having a great weekend! I'm VERY excited to share and keep an eye on this set up with you guys. Today, we are looking at a bearish 5-0 pattern on the 4H chart with the CAD/CHF. Price seems to have started to reverse between 1.13-1.618 at B point. Lets look for price to break the current trend when the markets open back up to continue its way to C 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
AUD/USD - Harmonics Meet Technical StructureHello, Traders! Today, we have tremendous confluence on the 1D AUD/USD chart with a Bullish Crab and Reverse Head and Shoulders pattern . As price is making its way down to touch the neckline of the Head & Shoulders pattern, a Bullish Crab pattern is shown with D point right at the same reversal zone, while meeting a historically strong rising trendline. Risk:Reward - 1:3 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
Long
by cdschultheis15
1
EURGBP LongHi guys. This is not a pattern I look at often, however, today I'm looking at a long position at the end of a harmonic 5-0 completion! Price has hit support on the weekly time frame and should find some security at this level. EUR GBP is not a pair i've wanted to trade as of late as per the obvious political sentiment, then again, I don't trade the 5-0 that often either. There also seems to be a small double bottom on the 4 hour chart. If price is to push 30% into my profit one, I will as always move my SL to my entry level. So lets see how this works out, this one's just for some fun! 5-O ratios X:B = 1.13-1.618 A:C = 1.618-2.24 B:D = 0.5
Long
by KyleMcQuade
GBPNZD Short - Bearish BatShark week continues- once again on a GBP pair. I am expecting the pound to drop across the market in the next couple of weeks! This bearish shark is reaching completion at a key resistance zone on this pair, as are most of the GBP pairs at this time. GBP has seen some growth over the past couple of weeks, so I am expecting a sell off to balance out supply/demand. See more below. Risk:Reward @ 1:3 as always! Stop loss at 1.90172 with a target price of 1.80631- an entry directly on our PRZ would bring a return of just over 700 pips! Hopefully price edges a little higher and we can take a good entry- I will not enter below a D point. Bat Ratios X:B = 0.38-0.5 A:C = 0.382-0.886 B:D = 1.618-2.618 X:D = 88.6%
Short
by KyleMcQuade
4
BAMM Theory EurCadSome generic analysis and a possible trade set up for everybody to look at - Bat Action Magnet Method. This theory dictates that when price begins a potential C-D wave, a break of the resistance of the 38.2-50% retracement of the initial impulse wave, price will continue to rise until the previous high. The key level in this setup I believe is 1.477. A close above here should see price continue to rally; the potential profit zone is clearly marked. Like any other trade, risk:reward should be at least 1:2. It is not uncommon for a trader to wait for a retest of support after resistance is broken before entering into a position. Price has began to range between support and resistance on the 4hr chart so this pair is worth keeping an eye on! This is simply a generic overview. I will be taking the short position should price reach the overall 88.6% retracement of the original impulse wave. Bat Ratios X:B = 0.38-0.5 A:C = 0.382-0.886 B:D = 1.618-2.618 X:D = 88.6%
by KyleMcQuade
USD/CAD - Harmonic Confluence + TrendlinesTraders! Hope everyone has had a great and profitable week! The markets just keep getting better and BETTER! Today, we have MAJOR confluence. I couldn't ask for more....well, maybe I could... Here we have the USD/CAD on the 1D chart with a bullish AB=CD and bearish 5-0. The trendlines add additional confirmation, given the strength of each reversal. What we can really take away from this set up is not just where price will reverse, but adding the trendlines, we can predict WHEN. As always, I highly recommend account management on all trades. 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 AB=CD pattern are detailed below. C: 0.618 - 0.786 D: 1.272 - 1.618
Short
by cdschultheis15
GBPAUD ShortCould be the beginning of shark week as a few formations are starting to present themselves across the market- on this occasion I am looking at a bearish move on the GBPAUD. Price is approaching a level where we have seen previous support/resistance. That said, as always with this setup, there is no fixed PRZ. Reversals occur when the total retracement to the X level is between 88.6% and 113%. Furthermore, the extension from B:D must be between 161.8% and 224%. Entries for this pair are very vague and down to experience in dealing with candlesticks. Personally, before looking at candle sticks for reversals, I aim to have my entry as close to the 113% X:C extension as possible in order to bring maximum returns. Minimum entry for any trade should be at least 1:2- I prefer 1:3. A general overview of previous support/resistance can be seen in the notes below. Looking forward to nest week, we have the release of the BoA Interest Rate (03/10) and the Australian Trade Balance (05/10). I will be keeping my eyes on these closely whilst scoping my entry point as these may well make or break this trade. Shark ratios A:C = 1.13:1.618 B:D = 1.618:2.618 X:D = 0.886:1.13
Short
by KyleMcQuade
2
XAU/USD - Harmonic ConfluenceHello, Traders! Today, we have GREAT structure forming on GOLD! Here, we have a bullish shark and a bearish 5-0 pattern. I personally, LOVE these set ups... GOLDEN RATIO X2! Price has temporarily retraced at a support & resistance zone, which is also X point, but the down trend continues. With these types of set up, we ALWAYS look for the DOUBLE PLAY: 1. BUY the Shark 2. CLOSE at the 50% retracement 3. SELL the 5-0 SUPER excited to share this one with you guys and to watch this structure develop with you all. PLEASE set your stop loss appropriately, paired with proper account management. 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 Risk:Reward - The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
OANDA:XAUUSD
by cdschultheis15
1
EUR/GBP bullish 5-0 pattern daily chartGood morning everyone, hope yous are all doing well, here we have a bullish 5-0 pattern havig formed from EUR/GBP on the daily chart. This is a fantastic trading opportunity with a risk reward ratio of around 1:3, pay attention to the news when trading the Euro and Pound at the moment though, Both EMA and RSI are saying price is under purchased at this moment in time. The valid measurements for a 5-0 pattern are: X-B) 1.13-1.618 A-C)1.618-2.24 D)0.50 I hope everyone has a good weekend ahead and if you have any questions or comments then please feel free to get in touch. Thank you
Long
by MichaelCollins18
Ethereum - Bullish BatHello traders, today we have ETH/USD on the 4h chart with a potential bullish bat pattern, it's currently completing the C to D leg and closing in on the PRZ. This is very similar to my previous analysis with Bitcoin. 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 mentioned the D point aligns with the daily support trendline which provides an excellent area to buy. More crypto analysis on the way :) I'll be looking for additional confirmation before taking the trade!
BITFINEX:ETHUSD
by LewisGlasgow
8
Bitcoin - Harmonic OpportunitiesThe crypto market is shaping up nicely this week and I'll be ready to capitalise on several price drops very shortly! Today I'm looking at BTC/USD on the 4 chart with two harmonic patterns forming at different price levels. Blue, bullish butterfly. The measurements for a valid butterfly pattern are detailed below. B: 0.786 C: 0.382 - 0.886 D: 1.618 - 2.24 X to D: 1.272 Black/Grey, bullish crab. 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 Right now price is dropping heavily towards the completion of the bullish butterfly at $3435, in this area I'll be looking to go long and take advantage of a jump in price. I will more than likely buy Syscoin at the same time to maximise potential profit, you can check out this idea below. Depending on future movement we may see the bullish crab complete just below the previous high at $3000. I'll be updating this idea as it progresses, I hope you all have an excellent weekend when it comes.
BITSTAMP:BTCUSDLong
by LewisGlasgow
22
Syscoin - Bullish 5-0Today we have an excellent buying opportunity for SYS/BTC on the 4h chart with a bullish 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 The B point forming at a solid 1.272 adds to the structure of this pattern. At this current moment in time we are yet to complete the C leg at the minimum 1.618, I have highlighted the two most favourable outcomes if this pattern takes shape. 1. Price will reverse at 7750, therefore, forming a valid C point at the minimum 1.618 before completing the pattern at 5000 and providing an opportunity to go long. 2. Price will reverse at 9900, therefore, forming a valid C point at the maximum 2.24 before completing the pattern at 6075 and providing an opportunity to go long. I will not be buying until the pattern completes! Once we have a C point locked-in I will update the idea :) I hope you all have a great weekend when it comes.
SLong
by LewisGlasgow
22
GBP/AUD Bearish Bat on a 4 hour chartGood afternoon everyone, here we have a Bearish bat on a 4 hour chart having formed from GBP/AUD This is a amazing trading opportunity with a risk reward ratio of over 1:3 The valid measurements for a valid bat pattern are listed below: B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I can see that RSI and EM200 are suggesting price has been overbought so I'm entering this trade right now. Hope you have a good week ahead folks.
Short
by MichaelCollins18