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AUD/JPY - Bearish CrabMake sure to keep this one on your watch list, here we have AUD/JPY on a 1h chart with a bearish crab. As you can see we have been trading within a range since the Brexit, creating multiple layers of support and resistance. Price is now heading towards our trendline for the third time, I'll be looking for a break with price moving straight towards our D point with a potential sell off in our reversal zone. I will be going short from around 79.200 all the way back down to our trendline, we shall see if price continues to move lower or bounces. I'll be looking for additional analysis on the shorter time frames for an entry point, as always feel free to share any complimentary ideas and leave your opinion on this pair below.
Short
by LewisGlasgow
4
USD/CAD - Bearish ButterflyI've not posted on here for almost two months since taking the time out to develop core material for my trading course but I'm back with a huge setup! We're looking at a potential bearish butterfly on a 4h chart for USD/CAD. 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 our pattern then a sharp move to the downside. This harmonic pattern looks extremely powerful when you take into consideration the analysis below. Going forward I will be providing analysis on a regular basis for my followers, I hope everyone has a great weekend!
Short
by LewisGlasgow
3
EUR/USD - FOMC MeetingToday we have one for the swing traders on a Daily chart with EUR/USD. Tonight we have the FOMC meeting which has the two possible outcomes, no increase which would result in a rally upwards breaking resistance or an increased rate followed by possibly a new lower low. Straight away you can see price has been stuck in consolidation since the beginning of 2015. We are now trading below a very important pivot resistance and above our 200 EMA, the news tonight will determine our future short-term market positions! If you have any additional analysis on the shorter time frames please feel free to share it below.
by LewisGlasgow
XAG/USD - Bullish 5-0This is insane, to round off my 50th idea on TradingView I'm sharing what could possibly be one of my biggest trades of 2016. Here we have XAG/USD on a Daily chart with a picture perfect bullish 5-0, this is an excellent short/long opportunity! 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 you can see price has spiked up to hit a major level of resistance completing our C leg, in addition we are extremely overbought on RSI and I'm all for shorting this pair right down to below 16.000... We're in for a huge trading opportunity. Do you want more trading inspiration? Instagram: www.instagram.com Youtube: www.youtube.com
FX:XAGUSD
by LewisGlasgow
4
GBP/USD - BreakoutI'm getting ready for the week ahead, make sure to keep this on your watch list! Here we have GBP/USD on a Daily chart with an excellent buying opportunity. As you can see we have been trading within a range since early 2015, creating multiple layers of critical support and resistance. We are now retesting a Daily resistance level for the third time in just over one month, forming an inverted head and shoulders pattern which I posted last month... The analysis can be viewed in the related ideas section below. Going long to potentially create a new lower high? I'll be looking for additional analysis on the shorter time frames for an entry point, as always feel free to share any complimentary ideas and leave your opinion on this pair!
Long
by LewisGlasgow
4
USD/JPY - Bearish Bat (300+ Pip Move)Wow this is huge, we have USD/JPY on a 4h chart with a picture perfect bearish bat pattern. We've got a lot of analysis to cover in this post so please read it all! 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 We have recently broken out of a trading range which is shown in the chart below, I'll be expecting price to correct itself before continuing the move... In addition we are also seriously overbought on all relevant time frames for RSI. I'll be expecting price to stall out around our D point, completing our pattern then a sharp move to the downside. This harmonic pattern looks extremely powerful when you take into consideration all of the analysis above.
Short
by LewisGlasgow
2
AUD/USD - Wider ViewToday we have one for the position traders on a Weekly chart with AUD/USD. Straight away you can see price is trading within a range, creating several layers of support and resistance along the way. We are currently trading below the 200 EMA which I consider a major confirmation for a trend continuation, if we start trading above it my bias will change. There are a lot of picture perfect opportunities forming on the lower time frames, we just need to be patient for now. If you have any additional analysis on this pair feel free to share it below!
Short
by LewisGlasgow
4
XAU/USD - ReviewToday we are looking at XAU/USD on a 4h chart with a review on my previous idea posted 11 days ago, this can be viewed in the related section below. My original analysis predicted a shorting opportunity all the way down to the 1200.00 level, once price hit 1224.50 it quickly reversed in the opposite direction. I'm now reviewing this chart with an opinion on going long, as you can see we are currently trading within a range and price is also trading slightly above our 200 EMA. Once we hit our trendline meeting with our indicator I expect a sharp turn to the upside! All round this has a solid PRZ zone with everything indicating a long position and RSI becoming oversold on the 1h chart.. We're in for a huge trading opportunity. Do you want more trading inspiration? Instagram: www.instagram.com Youtube: www.youtube.com
FX:XAUUSDLong
by LewisGlasgow
2
CRUDE OIL - DirectionOnce again we are looking at USOIL on a Daily chart with a potential shorting opportunity. I'm loving the look of this, you can see we have tested a major turning point in the market which has provided us with our future price direction. We can clearly see that whenever price gets relatively close to our 200 EMA it changes direction very quickly, I can see price going short all the way down to our trendline and meeting our indicator in the same area.
FX:USOILShort
by LewisGlasgow
10
AUD/USD - Extended PatternHere we are looking at AUD/USD again but this time on a 2h chart with an extended harmonic pattern, this is a perfect shorting opportunity. Previously I posted an extended pattern for this pair which was highly profitable, this can be found in the related ideas section below. We are currently trading within a range which has formed a valid AB=CD pattern, in addition we are also approaching the overbought region on all relevant time frames for RSI, I'll be expecting price to stall out followed by a sharp move to the downside.
Short
by LewisGlasgow
2
USD/CAD - DirectionToday we have one for the trend traders on a Daily chart with USD/CAD. Straight away you can see price has created several levels of support and resistance, key pivot points in the market. We are currently trading below the 200 EMA which I consider a major confirmation for a trend reversal, if we start trading above it this setup would be considered invalid. There are a lot of picture perfect opportunities forming on the lower time frames, we just need to be patient for now. If you have any additional analysis on this pair feel free to share it below!
Short
by LewisGlasgow
1
XAU/USD - ConfluenceToday we are looking at XAU/USD on a 4h chart with a major confluence, I'm loving the look of this shorting opportunity already! There is so much going on in this chart, I will start by going into the longer time frames then finish off with our entry. If you look at the chart shown below we have recently broken out of our range on the weekly, this has given us our major support level on the 4h chart. Now going into the 4h chart we have a bearish gartley with our D point just below the trendline making it the perfect reversal zone, this adds extra confirmation to this trade. The measurements for a valid gartley are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786 Coming back into our original 4h chart we have our weekly trendline acting as a major support level, solid PRZ zone with everything indicating a short position and RSI becoming overbought... We're in for a huge trading opportunity. Do you want more trading inspiration? Instagram: www.instagram.com Youtube: www.youtube.com Thank you to www.tradingview.com for the insight on this opportunity.
FX:XAUUSDShort
by LewisGlasgow
6
USD/CAD - Bullish Shark (300+ Pip Move)Wow this is huge, we have USD/CAD on a 1h chart with a picture perfect bullish shark pattern. We've got a lot of analysis to cover in this post so please read it all! 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 I'll be expecting price to stall out around our D point, completing our pattern then a sharp move to the upside. This harmonic pattern looks extremely powerful when you take into consideration the 4h chart shown below. We are currently trading within a range which could have been a triple bottom or bullish three drives pattern, the measurements are not valid for either but this chart provides an outlook on future price movement. This has major potential to push further than 300 pips from entry with an excellent risk:reward.
Long
by LewisGlasgow
2
Crude Oil - New LowsThis is huge, we have USOIL on a Daily chart with a picture perfect trend. This is additional analysis supporting my bullish 5-0 idea which was posted 18 days ago, everyone who got in on that trade made some serious profit! We can clearly see that whenever price gets relatively close to our 200 EMA the bears show up, driving it back down to new lows which has happened twice already during the past 10 months. We have already broken the lows of 2009 in the early stages of 2016. Could USOIL reach the 20$ lows of the early 2000's?
FX:USOILShort
by LewisGlasgow
5