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NZD/USD - Double Trading OpportunityHello traders, here we have a bullish 5-0 pattern on the 4h timeframe with NZD/USD. Price just formed a valid C point at the minimum 1.618 level which aligns with a valid bearish shark pattern, which has opened up a shorting opportunity from C to D. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Taking a look at the daily chart below price is still respecting the upper resistance trendline. If we experience a successful short position from C to D, this will open up an opportunity to buy in the future. I hope you all have an excellent week and safe trading!
Short
by LewisGlasgow
42
Siacoin - The Bigger PictureHello traders, following up from my successful prediction for Siacoin (chart is shown below), I'm now looking at the bigger picture for potential moves throughout June. As you can see from the 1h chart, price exceeded the high at 590 and peaked around 740, followed by a 30% decrease in price. This has provided an excellent outlook going forward as I can determine the major levels of support... I have highlighted the areas of interested with grey circles. As we all know, the cryptocurrency market can be unpredictable at times, this is why I am providing several outcomes for Siacoin in the near future. 1. Respecting the support trendline, price will continue to trade above 500 making a move towards 850. 2. Experience a 50% drop to the lower trendline, followed by a steady move up to 850. Of course, price will not follow this exact outline but I am highlighting the levels it may meet before seeing a move up to 850. These two outcomes do not factor in a correction for BTC, if we see this happen, pay close attention to the price structure provided and use it to your advantage. In addition, price formed a valid AB=CD on the 15m chart which hit TP 1 at the 0.382 retracement level, let's see if it can continue to hit 0.618. 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
72
NZD/USD - Bullish 5-0 + GOLDEN RATIO X3Hello traders! I am SUPER excited about this set up. I have been keeping an eye on this since markets opened this week. We are looking at a bullish 5-0 on the 4H chart with NZD/USD. Given the Fibonacci measurements at C point, it has been measured to the GOLDEN RATIO not only once...not twice...but THREE TIMES! I usually never trade this pattern down unless the first 4 measurements of a 5-0 match a shark pattern, but you cant ignore confirmation like this. I'll be trading this pattern down until it hit D point (0.7010), closing profit and following it up with a long position back up to (0.7200). 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
2
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
NZD/USD - Bearish Shark + Bullish 5-0 + CONFLUENCE + DOUBLE PLAYMAJOR CONFLUENCE HERE TRADERS! I am super excited about this set up! Today, we have a bearish shark and a bullish 5-0 on the 4H chart with NZD/USD. Sharks and 5-0s compliment each other, given the similar Fibonacci measurements. The bearish shark is already completed and running in profit. We can look to sell this one down to the 50% retracement to about the 0.6900 level. That will then complete the D point on the bullish 5-0. We can close out our short position and open a buy order. REMEMBER: Set your STOP LOSS accordingly. DO NOT risk more than 1-2% of your account. Set up like this are HUGE on growing your account and profiting on both ends. Risk/Reward Ratio - 1:4 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 Ratio - 1:3.55 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
by cdschultheis15
1
EUR/USD - Bearish Bat - 500+ PIPS!!Hello, traders! Today, we are looking at a bearish bat on the 1D chart with EUR/USD. Price made its way to D point last week and has been stalling for a few days. With the market opening back up just barely in profit, this trade is looking good to enter! For fundamental confluence, today being a holiday (Memorial Day), we should see the USD gain strength. Risk/Reward Ratio - 1:4 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
Short
by cdschultheis15
1
USD/CHF - Bullish Gartley + Trend ChannelHappy Memorial Day from here in the USA, traders! Great set up to open up the week! Here, we are looking at a bullish gartley on the 4h chart with USD/CHF. Price has been spending the last few days stalling at D point, which is also at the bottom of the current trend channel. For fundamental confluence, the USD should be gaining strength today since it is Memorial Day. People love to celebrate and spend their money. Time to place your trade and set you stop loss accordingly! 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
Long
by cdschultheis15
CAD/CHF- Harmonic confluence- 4 hour chartGood evening guys, here we have CAD/CHF having formed a bullish Bat and a bullish AB=CD patter on a 4 hour chart. Great trading opportunity with a risk reward of over 1:3 The valid measurements for a bat pattern are B: 0.382-0.5 C:0.382-0.886 D:1.618-2.618 X-D: 0.886 I expect a strong reversal here and for support and resistance to be broken. Have a good evening people, this trade was found on behalf of my good friend Lewis, connect with him here: www.tradingview.com
Long
by MichaelCollins18
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
STR/BTC - Cryptocurrency Space Race To MoonStellar Lumen is a rocket for good reason...It's on it way to the moon. Price is now bursting through the triangle, and heading for the the final price levels before the major explosion. It may flirt in the channel between 0.00003380 and .00002880 before making it big LAUNCH. We are in the midst of a cryptocurrency BOOM! With the radioactivity and uncertainty that Ripple has created from its explosion in price, people are looking to take there profits and reinvest. Where else better to invest than its competitor?
SLong
by cdschultheis15
5
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
GBP/AUD- Bullish 5-0 4 hour time frameGood afternoon folks, here we have GBP/AUD forming a bullish 5-0 on a 4 hour timeframe. The measurements for a valid 5-0 pattern are: B: 1.13-1.618 C: 1.618-2.24 D: 0.50 Price has formed at the C point of 1.76 and I'm expecting a further decline to the D point which will make this trade valid, after this I expect a reversal. The TP level is at C point The SL level is at the closest level of resistance to the D point. I hope you's all have a good week
Long
by MichaelCollins18
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
WTI Crude oil, Bullish Gartley, 1 day chartGood afternoon people, today we have WTI crude oil Bullish Gartley on the daily chart, This is potentially a great trading opportunity with a potential of 1:2 profit I'm waiting to see if the candlesticks break through resistance before I'm certain to take this trade, however does present a great Gartley opportunity The valid measurements for a Gartley pattern are as follows: A-B: 0.618 B-C: 0.382-0.886 C-D: 1.1-1.618 X-D: 0.786 Have a good weeks trading everyone and I wish you all the best, if you want to connect with me you are more than welcome to send me a private mail
TVC:USOILLong
by MichaelCollins18
4
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