Get started

Sixfigurecapital

NZD/USD - BreakoutNovember has been a HUGE month for me and all of my students... Today we have an amazing long term setup forming on a Daily chart for NZD/USD. Straight away this could be an selling opportunity depending on the entry point to get into this change in trend. I'll be looking for opportunities on the lower timeframes in the near future. To round off we are currently trading below the 200 EMA which is an indication price could be pushing lower and we formed a valid head and shoulders pattern! Let's see how the market shapes up over the next month, if you have any additional analysis feel free to leave it below.
Short
by LewisGlasgow
2
EUR/USD - Bullish GartleyNovember is turning out to be a GREAT month. Here we have a bullish gartley on the 1D chart. Yes, another harmonic pattern in a trend channel... Given the trendline, we might want to look for price to go a little past the PRZ zone, but then we are definitely looking for a price reversal. 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 Download your FREE copy of the 7 Proven Steps to Becoming a Successful Forex Trader right here: www.sixfigurecapital.com Christopher D. Schultheis, Six Figure Capital
Long
by cdschultheis15
NZD/USD Bearish 5-0Today, we have a Bearish 5-0 pattern on the NZD/USD 4h chart. I never trade solely off Head and Shoulders patterns, but they are good for further confirmation. Depending on when the D point hits, I have given both options for the C measurement on the graph. They are differentiated by color: Green = C:1.618 Blue = C:2.24 Also, I have high lighted in red where the price jumped due to the Presidential Election yesterday... I am making a personal decision not to include that in the Right Shoulder or 5-0...it seemed to just be a hiccup in the market. 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
GBP/USD - Bullish 5-0 (Ahead of the U.S Presidential Election)After two profitable trades using the 5-0 pattern in previous weeks here we have GBP/USD on a 4h chart with yet another 5-0 pattern. I'm absolutely loving the look of this, especially ahead of the U.S Presidential Election. (This is purely a technical prediction, I am not basing this analysis on who is likely to be voted) The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Credit to one of my students www.tradingview.com for spotting this setup, excellent. We'll see what happens very shortly, safe trading everyone.
Long
by LewisGlasgow
NZD/JPY - Bearish Crab + Channel BreakoutHere we have a possible bearish crab forming on the NZD/JPY 4h chart. This post is a based on @lewisglasgow 's previous post on this pair. Different pattern, similar measurements. This is one may be a long shot, but the price has broken out of the current descending channel that started at the beginning of the year. The measurements for a valid crab pattern are detailed below. B: 0.382 - 0.618 ---> (0.618) C: 0.382 - 0.886 ---> (0.886) D: 2.24 - 3.618 ---> (2.825) Final X to D: 1.618 ---> (1.618) Only time will tell in the weeks to come! Instagram: _c_schultheis
Short
by cdschultheis15
1
XAG/USD Bullish Gartley or Crab PatternI love the weekend. Markets aren't moving. It gives a technical trader quality time to analyze as many pairs as they desire with little to no rush, while examining all possibilities of price movement. Today, we have a bullish gartley and crab on the XAG/USD 1h chart. With both pairs we are watching for the price to drop in the next few days. I would say the gartley pattern is more likely since it is inside the channel. However, if price breaks down below of the channel, look for the crab pattern. The measurements for a valid gartley pattern are detailed below. B: 0.618 ---> (0.618) C: 0.382 - 0.886 ---> (0.638) D: 1.272 - 1.618 ---> (1.418) Final X to D: 0.786 ---> (0.786) The measurements for a valid crab pattern are detailed below. B: 0.382 - 0.618 ---> (0.618 C: 0.382 - 0.886 ---> (0.638) D: 2.24 - 3.618 ---> (3.534) Final X to D: 1.618 ---> (1.618) Please fee free to critique this analysis or give your own analysis in the comments below. Instagram: _c_schultheis
OANDA:XAGUSDLong
by cdschultheis15
NZDUSD Bearish ButterflyHi guys, here we have a bearish butterfly on the NZDUSD! Price looks like it's coming to the end of the 2nd phase of the correction wave (analysis linked below). Looking for the bearish bat to start downwards movement! This pattern was drawn up on the 4H chart, now looking at the 1 hour for entry. I never use indicators for entry points, but every once in a while I'll look for some divergence between them and price, as you can see with the RSI and MacD! (RSI is also overbought on the 4H chart; possibly hinting at a reversal). Hopefully price pushes that little higher to complete the pattern at the PRZ! BUTTERFLY RATIOS: AB: 0.786 BC: 0.382-0.886 CD: 1.618-2.24 XD: 1.27
Short
by KyleMcQuade
1
USD/JPY - Bullish 5-0Wow this is huge, today we have USD/JPY on a 4 hour chart with yet another bullish 5-0. Yesterday I posted my analysis on CHF/JPY with the exact same pattern... Here is my analysis below: The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 As mentioned in yesterdays analysis the 5-0 pattern holds a much better structure on the Daily chart but we shall see how the two scenarios play out. Just make sure to keep these two patterns on your watch list!
Long
by LewisGlasgow
4
EUR/CAD - Bearish Bat (400+ Pip Move)There are some amazing setups forming on the charts, here we have EUR/CAD on a 2h chart with a potential bearish bat. Excellent opportunity we will be trading with over 1:3 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 I'll be looking for extra confirmation once we approach our D point, I'm watching this pair heavily going into a new week.
Short
by LewisGlasgow
CHF/JPY - Bullish 5-0We have CHF/JPY on a 4h chart with yet another 5-0 pattern but this time it is bullish. I'm absolutely loving the look of this, if we can complete our D leg I'll be going long. 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 5-0 pattern holds a much better structure on the Daily chart but we shall see how this one plays out. I hope you all enjoy your weekend and I shall see you on the charts tomorrow evening :)
Long
by LewisGlasgow
AUD/JPY 4h Bearish Crab + Trend LinesHere, we have a Bearish Crab on the 4h chart. Valid measurements for a Crab pattern: B: 0.382 - 0.618 ----> (0.586) C: 0.386 - 0.886 ----> (0.859) D: 2.24 - 3.618 ----> (3.049) X to D: 1.618 ----> (1.618) Also, we have a trend line running under C and D point. The second trend line that is barely visible, shown just above D point, is part of a descending channel that has been running for the past year. With these two trend line running into one another, along with the Bearish Crab harmonic pattern, we have confirmations on multiple time charts that price is about to reverse. I am very excited to see how this trade will play out in the weeks to come. InstaGram - @_c_schultheis
Long
by cdschultheis15
EUR/CHN Take Your Pick! Bat Gartley Crab3 different harmonic patterns presenting themselves here- the most complete of the 3 being the bullish bat, in red, where each of the main points are bang on so far. Next, in the blue and green, we have a gartley and crab patterns respectively, both also bullish. The latter couple sharing X,A, B AND C levels, with only the PRZ (potential reversal zone) to differentiate the pair. Happy Harmonising! Bat Ratios: AB: 0.382-0.5 BC: 0.382-0.886 CD: 1.618-2.618 XD: 0.886 Gartley Ratios AB: 0.618 BC: 0.382-0.886 CD: 1.272-1.618 XD: 0.786 Crab Ratios AB: 0.382-0.618 BC: 0.382-0.886 CD: 2.24-3.618 XD: 1.618
Long
by KyleMcQuade
AUDJPY Bearish batAussie-Yen showing us a bearish bat running coherently with the weekly channel. Retracements showing a strong bat pattern- B and C points are below the close of price but still on the wick. As always, long as price remains on the wick and has not been surpassed by the body of a following candle, the pattern is still valid. The D point is also approaching a retest of previous resistance and the weekly channel, providing a great PRZ (potential reversal zone). Bat ratios: AB: 0.382-0.5 BC: 0.382-0.886 CD: 1.618-2.618 XD: 0.886
Short
by KyleMcQuade