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Sixfigurecapital

GBPNZD - BAMM & Bearish BatHi Guys, Here we have the GBPNZD on the Daily. Two potential trading opportunities with a huge amount of pips. 1st Opportunity: BAMM Trigger. Price is heading towards the 'D' Point for completion of a Bearish Bat. Respected an uptrend of 7 months and rejected 0.618 of last upswing. Providing price breaks the down trend showing, allowing for a short retracement first I will then be entering long if price rejects 0.50. I had a similar set up on NZDCAD (link below) which is performing well. 2nd Opportunity: Bearish Bat Completion. Once Price hits 'D' point I will be looking for reversal indications and additional confluence to take the short opportunity. Do let me know of any thoughts or questions. Thank You! Victoria
Long
by Atomic_Pips
EURUSD - BAMM & Bullish Bat - MonthlyHi Guys, You will either think this is possibly one of the best potential trades in a while or I'm 'Bat S%*$ Crazy'! Huge Risk to reward on Both BAMM Trigger and then completion of Bullish Bat. The BAMM Trigger is in line with a downtrend and the bat spans years! This will of course take months to come off biggest test of patience ever but I think I will enter small lots and just leave them to run. Let me know of any thoughts or questions! Thank You! Victoria
Short
by Atomic_Pips
GBPUSD LongAbove we have a possible long position on the Pound-Dollar, through a bullish Cypher set up. The X point is taken from the decisive push of an impulse wave that broke a symmetrical triangle. The X and D point now both sit along a pivot line- an area where we previous had an inverted head and shoulders! Please see the chart below for generic analysis. As always for this pattern the risk is 1:2. Due to the depth of the stop loss, I will be patient for an entry as price may dip below PRZ the D level. Cypher ratios: X:A = 38.2%-61.8% A:B = 127.2%-141.4% X:D = 78.6%
Long
by KyleMcQuade
2
Bullish bat- 4 hour time frame- GBP/JPYGood afternoon everyone, here we have GBP/JPY on a 4 hour time frame having already completed a bullish bat, This is an excellent trading opportunity with a potential risk to reward of nearly 1:3. 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 looking for additional confirmation before taking the trade! price has oversold on EM and is in between support and resistance. I hope everyone has a good week ahead, please leave a comment or interact and I will be sure to reply.
Long
by MichaelCollins18
GBPJPY LongThis week on the pound-yen we have a bullish bat . The USDJPY and GBPJPY have entered into a consolidating phase, both sitting at a level of support, with the GBPJPY itself is currently sitting at what can be argued as a pivot level to a previous 5-O formation. This is a key area worth watching! Stepping away from the chart, we have the GBP GDP and JPY CPI releases on Thursday 24/08. Price will begin to move once a consensus/forecast has been agreed. This will be the deciding factor in making/breaking the trade. I will look to enter this pattern as early as Sunday night/Monday morning (UK time), unless forecasts are against the direction of this trade, for then I will be skeptical. Nonetheless, this is a good opportunity to load up in long positions. Take profit level at 1:3. Bat ratios X:B - 38.2%-50% A:C - 38.2%-88.6% B:D - 1.618-2.618 X:D - 88.6%
Long
by KyleMcQuade
2
BTC/USD - HISTORY REPEATS ITSELF - THE BIG PICTUREHello, traders! Today, we are looking at Bitcoin. Everyones has one similar question on the brain: WHEN WILL BITCOIN CRASH!? After analyzing the big correction for bitcoin in 2014, while keeping the parabolic curve in mind, price has made a huge correction at 4.618 when using the Fibonacci Retracement tool. This first measurement starts at tip of the wick in the peak of the parabolic curve and ends at the bottom wick at the lowest point of the correction. The corrections in the past have retraced to the 0.886, measured from the bottom of the parabolic curve to the tip of the new parabolic curve (further predicted from the 4.618 measurement). If history is the repeat itself, by the end of the year Bitcoin will be due for the MAJOR correction peaking at the price level of $4700 USD.
BITSTAMP:BTCUSD
by cdschultheis15
EURAUD ShortAfter closing me previous EURAUD short, I have taken another position, but yet to post analysis (it may not be too late to enter!) This pair is showing us a 3-drive pattern, where most would look to go long after the 3rd drive completion. However, as stated in the previous AUDUSD and Silver trades, we here at Six Figure Capital look to trade the third drive. Taking this into consideration, I looked for a second touch on the trend line with a retracement level of 0.618-0.786. Within this reteacement wave we have a bearish bat . Albeit taken form the lower high of the impulse eave, however the 88.6% retracement where we look to enter also aligns perfectly with the channel! Bat Ratios B: 0.382-0.5 C: 0.382-0.886 D: 0.618.2.618 xD: 0.886 3-Drive ratios Retracements: 0.618-0.786 Extensions: 1.272-1.618
Short
by KyleMcQuade
Bitcoin - Ahead of August 1stWell, August 1st is approaching and I'm putting forward one potential outcome following the changes to the bitcoin network. Today we have BTC/USD on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. 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 understand the BAMM theory will be relatively new to most traders, this style of trading simply focuses on a breakout of the B point. A clear break and close below support at B would indicate further declines for bitcoin heading towards $1900 where we may see a short term recovery upon completion of the bat pattern . Green area displays the profit zone. If we do see a sell-off I will be sure to keep everyone updated.
COINBASE:BTCUSD
by LewisGlasgow
34
EUR/GBP - Bearish BAMMToday we have EUR/GBP on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. 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 understand the BAMM theory will be relatively new to most traders, I've posted a few charts about this style of trading but it simply focuses on a breakout of the B point. A clear break and close below support at B would indicate further declines, therefore, completing the D leg around 0.87700. Below are my stop loss and take profit levels. SL: 0.89350 TP: 0.87700 This is an excellent opportunity with around a 1:3 risk to reward. Green area displays the profit zone. I hope you all have an excellent week :)
Short
by LewisGlasgow
2
XAG/USD - Three DrivesHello traders :) I'm back with a market insight on XAG/USD. Price seems to be forming a valid bullish three drives pattern and I plan to capitalise on its premature formation. Price completed the 2nd price drive at 15.18 and we may be starting the 3rd price drive once we confirm the 0.618 retracement level. You will need to pay close attention to price action and candlestick formations in the current area for the perfect entry point. A clear break and close above the trendline would indicate a move higher, therefor invalidating the pattern. The maximum level for an entry point would be a 0.786 retracement, ideally I would prefer a 0.618 retracement to keep a symmetrical pattern. This is a great trading opportunity with over 1:3 risk to reward. Thank you all for your continued support, don't forget to add me on social media :)
OANDA:XAGUSDShort
by LewisGlasgow
24
USD/JPY - Bullish Deep CrabHello traders, it appears USD/JPY is now forming a bullish deep crab pattern on the 30m chart. This is an excellent opportunity with a potential 150+ 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 X to D: 1.618 I'll be expecting price to stall out once it reaches the D point, this forms on a key level of support! Keep this setup on your watch list going into a new week. Connect with me on social media for more trading inspiration :)
Long
by LewisGlasgow
5
Litecoin - Bullish CypherWhat's up everyone, after receiving many request for LTC/BTC here is my view on the 4h chart featuring a bullish cypher pattern. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 Right now price is holding above the minor support trendline at 0.016, a break and close below would indicate a move to lower support at 0.0146. From there I would expect a further move down to complete the D leg, therefore, providing an ideal area to go long. If support holds price could push up to resistance at 0.0178, which is just above the 0.382 retracement of high to low. Just to add, to all those requesting analysis keep in mind I receive a lot of requests per day and I only upload analysis where I see beneficial to the community. I hope you all have an excellent weekend when it comes.
by LewisGlasgow
17
MAID/BTC - Price StructureToday we have MAID/BTC on the daily chart, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief technical overview. As you can see during 2015 we experienced a move from 0.00002000 to 0.00029400 within 4-5 months which is around a 1300% increase in price. Currently, price is respecting the 0.618 retracement level, if we see a break of this level we will see an increase to 0.00029400, thus providing an excellent opportunity to buy! If we fail to break the 0.618 level we will see a drop back down to the trendline before sky-rocketing, this is where I would enter my position (in a perfect world). 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.
M
by LewisGlasgow
42