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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
EURAUD - Bearish Shark - Four Hour with a Long opporutunityHi Guys, First of all, apologies for the cluttered chart. This is not normally my style (and my mentor won't be happy) but I wanted to detail everything. Here we have EURAUD heading towards the 'D' point of a Bearish Shark on the four hour over a 14 month period. Price is currently heading to 'D' point in a parallel channel. I will be watching resistance level's closely for signs of a breakout to take a long before 'D'. Once at 'D' which is around the one year high, there is a excellent 1:3 Risk to Reward short opportunity. Any feedback would be really appreciated. Thank You! V
Long
by Atomic_Pips
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
EURGBP ShortIn this episode we are looking at a bearish bat on the euro-pound! Price has consolidated a little between the A, B and C coordinates, giving great shape to the movement. The D point is forming in an area where price has previously bounced- if the weekly chart is anything to go by, there has been a lot of action around this level. As always, I'm drawing the chart up very early; there may be economic data released that alters the direction of the final CD wave before it reaches the D point, but I will keep an eye on this pair until then. Bat Ratios B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 xD: 0.886
Short
by KyleMcQuade
AUDCHF - Bullish Cypher - Four HourHi Guys, Here we have a huge Bullish Cypher on the AUDCHF Four Hour. 1:2 Risk to reward. Currently heading towards 'D' point but with some retracement. You may have seen my previous AUDCHF Bullish Gartley which I am currently holding a long position on. I will be watching my long position and looking to maximise profits before this potentially continues to head towards the 'D' point of the Cypher. Do let me know of any thoughts. Thank You! V
Long
by Atomic_Pips
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
NZDCHF - Downward Trend - Four HourHi Guys, Rare piece of trend analysis for me, however it links well with my earlier Bullish Shark on the NZDCHF. The pair respected the One Year high back in February and has been descending in a downward channel since. 1:2 Risk to Reward potential (with a generous stop loss) if it reaches my target 'D' point for the Bullish Bat. I'll watch how it opens tomorrow, if we have a bearish candle I will enter. If bullish, I will wait for signs of a reversal. Feedback would really be appreciated on this one as I rarely trade the trend! Thank You! V
Short
by Atomic_Pips
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
USDCHF Short Bearish Butterfly Price movement on the dollar-franc is forming a bearish butterfly (if the next wave makes it that far). This pattern has been drawn up really early, but we'll see what happens. The D point is approaching a key MONTHLY support/resistance area; we all know monthly s/r is stronger than weekly or daily! I will post this as an update below. If price does reach my PRZ, I ill assess fundamental material to support the movement. I will look to take profit around the 1.00000 mark- as always, the stop loss will be adjusted accordingly to bulletproof the trade once price moves in my favour. Butterfly ratios B: 0.786 C: 0.382-0.886 D: 1.618-2.24 xD: 1.272
Short
by KyleMcQuade
1