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Lewglasgow

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/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
XAU/USD - Bullish Cypher (C Leg Sell-Off)Wow this is huge, we have XAU/USD on a 4h chart with a picture perfect bullish cypher pattern but this time we're doing things differently, we'll be looking to sell-off from C to D. The measurements for a valid cypher pattern are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 Final X to D: 0.786 Price is currently trading within a rising wedge, approaching major resistance at our C point and about to complete the D leg of a separate pattern not shown on this chart... Bearish AB=CD. This is why I love this setup!!! Let's take a look into the longer timeframes with the Weekly chart, as you can see we have started trading above the 200 EMA. Currently approaching major resistance around our reversal zone, I'll be expecting price to sell off in this area all the way down to meet our EMA before showing any signs of a bullish reversal.
FX:XAUUSDShort
by LewisGlasgow
2
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