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AUDJPY Bearish Bat Aussie-Yen showing us a bearish bat running coherently with the weekly trend line. 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 previous or following candle, the pattern is still valid. The D point is approaching a retest of previous resistance and the weekly trend line, providing a great PRZ (potential reversal zone).
Short
by KyleMcQuade
EUR/GPB - Bearish BatToday, we have a look at the EUR/GPB on the 4h chart. It seems as though a BEARISH BAT pattern is beginning to form. The valid measurement for a bat pattern are as follows: B: 0.382 - 0.5 ----> (0.416) C: 0.382 - 0.886 ----> (0.7) D: 1.618 - 2.618 ----> (2.609) X to D: 0.886 ----> (0.886) This pattern has formed after breaking out of the ascending channel that started in the beginning September. Further evidence for the upcoming reversal is supported by the RESISTANCE zone at 0.8700 >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> This is also looking like the rest of right shoulder forming from @lewisglasgow 's HEAD & SHOULDERS pattern on: vvv EUR/GBP - Extended Pattern vvv ^^^A further play off of @lewisglasgow 's idea:^^^ After the BEARISH BAT pattern completes, we can look for the price to drop short term to the 0.86000 level... There seems to be some support at the level...(Referring to Lewis's BEARISH BAT pattern on his idea referenced above)^^^ IF the price breaks the 0.86000 support level, we can look for the rest of the right should to form and possibly dropping to the 0.84000 level Any comments or suggestions are always welcome. Let me know what everyone thinks!
by cdschultheis15
2
AUD/CAD - Bearish BatOnce again we are looking at AUD but this time we are on a 4h chart with AUD/CAD another potential reversal pattern indicating weakness in the currency. I'm loving the look of this, you can see we recently broken out from a very aggressive ascending channel creating our X point further creating our A, B, C and potential D point on the chart. All-round we have a very good opportunity, we are trading with over a 1:3 risk to reward. I will be waiting for further confirmation before entering! 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 Do you want more trading inspiration? Connect with me below :) Instagram: www.instagram.com Facebook: www.facebook.com
Short
by LewisGlasgow
4
EUR/AUD - Bullish SharkWe're looking at a complete bullish shark on a 4h chart for EUR/AUD, this is an excellent buying opportunity. To add to this I'm currently bullish on EUR/JPY with another harmonic pattern, you can find my analysis in the related ideas section below. Just before anyone points out I am fully aware the C point extends the 1.618 retracement but the candlesticks have all closed below it. The measurements for a valid shark are detailed below. C: 1.13 - 1.618 (Price has spiked just above 1.618) D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 Do you want more trading inspiration? Connect with me below :) Instagram: www.instagram.com Facebook: www.facebook.com
Long
by LewisGlasgow
10
Crude Oil - Bullish GartleyWow this is huge, yesterday I posted my analysis on market direction stating I would be looking for possibilities on the shorter time frames... Here is my analysis below: I have my first possibility for USOIL on the 4h chart with a picture perfect bullish gartley pattern, we just need to be patient to see how the market shapes up. 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 Do you want more trading inspiration? Connect with me below :) Instagram: www.instagram.com Facebook: www.facebook.com
TVC:USOILLong
by LewisGlasgow
Crude Oil - Market DirectionThere are some amazing setups forming on the charts, here we have USOIL 2.54% on a Daily chart . Straight away this could be an excellent buying or selling opportunity depending on the short term outcome, I will confirm a move higher or lower when we approach our trendline or resistance level... I'll be looking for opportunities on the lower timeframes in the near future. To round off we are currently trading above the 200 EMA which is an indication price could be pushing higher to create a higher point in our price channel. Let's see how the market shapes up over the next month, check out my previous USOIL trade in the related ideas section. Do you want more trading inspiration? Instagram: www.instagram.com Facebook: www.facebook.com If you have any additional analysis feel free to leave it below.
TVC:USOIL
by LewisGlasgow
EUR/JPY - Bullish Butterfly (150+ Pips)Here we are looking at EUR/JPY on a 4h chart with a perfect bullish butterfly harmonic pattern, price is currently bearish but I am looking for price to stall out on our D point followed by a major reversal heading towards resistance at 113.900 before continuing to make a moving lower. Spotting a 'perfect' bullish butterfly can be difficult, here are the ratios: B: 0.786 C: 0.50 or 0.886 D: 1.618 (Almost perfect) X to D: 1.272 All-round we have a very good opportunity, price is oversold and we are trading with a 1:2 risk to reward. I will be waiting for further confirmation before entering! Do you want more trading inspiration? Connect with me below :) Instagram: www.instagram.com Facebook: www.facebook.com
Long
by LewisGlasgow
20
USD/CAD - Bearish Bat (Review)Harmonic patterns are a very precise way to trade the forex market, if executed correctly. Here is one of my more recent trades USD/CAD on the 4h chart which was sent out to all of my students at Six Figure Capital! To start off 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 outcome was absolutely perfect, we almost matched up to the pip on this trade and price took a sharp turn into profit. To all of you who do not trade harmonic patterns it is simply a combination of patterns and maths :) Do you want more trading inspiration? Grab your free copy of '7 Proven Steps to Becoming a Successful Forex Trader' here: www.sixfigurecapital.com
Short
by LewisGlasgow
1
EUR/GBP - Extended PatternWe're looking at an extended harmonic pattern on a 4h chart for EUR/GBP. Make sure to keep this one on your watchlist, we'll be watching this heavily going into next week. I'll be expecting price to stall out around our D point, completing the pattern followed by a sell-off at the right shoulder of the potential head and shoulders pattern. This harmonic pattern looks extremely powerful when you take into consideration all of the analysis provided! Do you want more trading inspiration? Connect with me below :) Instagram: www.instagram.com Facebook: www.facebook.com
Short
by LewisGlasgow
4
XAU/USD - Bullish BatOnce again we are looking at XAU/USD on a 4h chart with a potential buying opportunity in the near future. I'm loving the look of this, you can see we are currently trading within a channel testing major turning points in the market which has provided us with our future outlook on price direction. 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 Do you want more trading inspiration? Connect with me below :) Instagram: www.instagram.com Facebook: www.facebook.com
OANDA:XAUUSDLong
by LewisGlasgow
5
Crude Oil - Bullish 5-0 ReviewToday we have one for the swing traders on a Daily chart with USOIL reviewing my analysis posted around 5 months ago with a bullish 5-0 pattern. I'm still sticking to my guns by saying the long term picture for Crude Oil is bearish! Straight away you can see price is slowly approaching our 200 EMA which is a decisive point in the market, I expect a spike up creating a new lower high followed by a sharp move to the downside reaching the $35 mark in months to come. In the near future I will be going into the shorter time-frames for additional analysis. Do you want more trading inspiration? Connect with me below :) Instagram: www.instagram.com Facebook: www.facebook.com
FX:USOILShort
by LewisGlasgow
GBP/JPY - Extended PatternHere we are looking at one of my favourite pairs to trade... GBP/JPY on a 4h chart with an extended harmonic pattern, this is a perfect buying opportunity. Price has formed a head and shoulders pattern within our bullish bat, which adds extra confirmation to my analysis. We are currently approaching our reversal zone (D point) where I'll be expecting price to stall out followed by a sharp move to the upside. Do you want more trading inspiration? Connect with me below :) Instagram: www.instagram.com Facebook: www.facebook.com
Long
by LewisGlasgow
XAG/USD - Bearish 5-0It's a Saturday night, market are closed and I've had an absolute stormer of a week. Now it just keeps getting better, we have XAG/USD on a 1h chart with yet another 5-0 pattern but this time it is bearish. I'm absolutely loving the look of this, if we can complete our D leg I'll be going short. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 View related analysis on this pair below, I previously traded a bullish 5-0 pattern which was picture perfect... Let's see if the bearish version can live up to the potential. I hope you all enjoy your weekend and I shall see you all on the charts tomorrow evening :)
FX:XAGUSDShort
by LewisGlasgow