LewisGlasgow

LewisGlasgow

Today we're taking a look at the future market direction of EUR/USD on a Daily chart. You can clearly see price has been trading within a sideways channel since early 2015 with no clear sign of a breakout anytime soon! We are currently approaching a major level of support, once we reach the 1.05000 area I would be looking for buying opportunities on the lower...

LewisGlasgow Updated 

I'm getting ready for the weeks ahead, make sure to keep this on your watch list! Here we have CAD/JPY on a 4h chart with an excellent buying 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 If we can complete our C point this move will take place in the forthcoming weeks, as always feel free...

LewisGlasgow Updated 

Here we have GBP/CHF on a 4h chart with a bearish bat harmonic pattern, as you can see price is approaching our D point for a potential reversal... I am looking for extra confirmation before entering this trade. 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

LewisGlasgow

Make sure to keep this one on your watch list, here we have USD/JPY on a Daily chart with a bearish crab pattern. I'm currently looking at long term moves in the market and this one fits the bill! The measurements for a valid crab pattern are detailed below. B: 0.382 - 0.618 C: 0.382 - 0.886 D: 2.618 - 3.618 Final X to D: 1.618 All-round excellent...

LewisGlasgow

November 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...

LewisGlasgow

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...

LewisGlasgow

Everything I've seen this week is indicating a strong Japanese Yen for the short term, here we have AUD/JPY on a 4h chart with a bearish crab pattern followed by a bullish shark. I will be going short all the way down to my 0.618 take profit level at 77.600... Then potentially entering a long position :) Credit to www.tradingview.com for spotting the bearish...

LewisGlasgow

Very similar to my analysis last month which was also on the daily chart, USOIL has tanked this week since hitting a level of resistance at 51.50... I'll be looking for opportunities on the lower timeframes very shortly to confirm a move higher or lower. Let's see how the market shapes up over the next week, check out my previous analysis on USOIL in the related...

LewisGlasgow

Make sure to keep this one on your watch list, here we have NZD/JPY on a 4h chart with a bearish gartley. I'm currently short on this pair but this pattern provides extra validation for a larger move, check out my previous analysis: 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

LewisGlasgow

Wow 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...

LewisGlasgow

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...

LewisGlasgow

We 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...

LewisGlasgow

We're looking at NZD/JPY on a 4h chart, this is an excellent shorting opportunity (we are trading with a 1:2 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, this is definitely one to watch....

LewisGlasgow Updated 

Yes we have a valid bullish cypher, this time we are looking at USD/HKD on a 4h chart with a simple buying opportunity. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 REMEMBER: Trade at your own risk, exotic currency pairs can be extremely volatile. Do you want more trading inspiration? Connect with me...

LewisGlasgow

Since the brexit vote we are still selling off, now into the 1.2 levels creating new lows for GBP/USD. In relation to one of my first ever charts posted on TradingView over 7 months ago I stated price would break the lows of 2009 which we seen straight after the brexit vote. The question to be asked now is, what is the future of the pound?

LewisGlasgow

Once 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...

LewisGlasgow

We'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...

LewisGlasgow

Wow 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...