Today we have EUR/GBP on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern. 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 understand the BAMM theory will be relatively new to most traders, I've posted a few charts...
Hello traders :) I'm back with a market insight on XAG/USD. Price seems to be forming a valid bullish three drives pattern and I plan to capitalise on its premature formation. Price completed the 2nd price drive at 15.18 and we may be starting the 3rd price drive once we confirm the 0.618 retracement level. You will need to pay close attention to price action...
Hello traders, it appears USD/JPY is now forming a bullish deep crab pattern on the 30m chart. This is an excellent opportunity with a potential 150+ pip return! The measurements for a valid deep crab are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.24 - 3.618 X to D: 1.618 I'll be expecting price to stall out once it reaches the D point, this forms on a...
There are some amazing setups forming on the charts, here we have AUD/CAD on the 1h chart with a bullish gartley. Price is currently completing the C to D leg, this is an early prediction but one to watch going into next week. 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...
What's up everyone, after receiving many request for LTC/BTC here is my view on the 4h chart featuring a bullish cypher pattern. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 Right now price is holding above the minor support trendline at 0.016, a break and close below would indicate a move to lower...
Today we have MAID/BTC on the daily chart, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief technical overview. As you can see during 2015 we experienced a move from 0.00002000 to 0.00029400 within 4-5 months which is around a 1300% increase in price. Currently, price is respecting the 0.618 retracement...
Today we have BTC/USD on the daily chart, I'd like to give you all a brief overview of my current view ahead of the 1st of August. As you can see price has created several key areas of support and resistance which we can use to our advantage. Currently, price is trading in between $3,000 and the minor support trendline , this area turned into support around...
It's great to be back posting regularly, today I'll be analysing the similarities in market cycles for bitcoin. For reference we have two charts we are going to be focusing on (use the two for comparison). Chart #1: 2011-2014 (all time high $1160) Chart #2: 2015-2017 (all time high $3000) The analysis displayed in front of you is similar to my Siacoin...
Hello everyone, I hope you all had an excellent trading week! Today's analysis is a follow up from my successful prediction for Siacoin (chart is shown below) before the minor altcoin crash throughout July. After reaching 840 we started a steep decline towards the mid 200's. Now that price has stabilised I'm looking for opportunities to get back in on the...
Hello, traders! Today, we have spotted a bearish bat on the 1D chart with EUR/USD. Risk/Reward Ratio - 1:3 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
This one is heating up and soon ready for a short entry. The Shark pattern is almost complete and the RS is also confirming an overbought position. Shark pattern B: .331 no requierment C: 1.419 must be between 1.13-1.618 D: 2.185 must be between 1.618-2.24 final x to d - ...
Another JPY shorting opportunity, it seems to be bat week :) this time we have CAD/JPY on the 4h chart. All-round excellent opportunity 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'm currently short on NZD/JPY.
Hello traders, here we have NZD/JPY on the daily chart with a potential bearish bat pattern. All-round excellent opportunity 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 additional confirmation before taking the trade!
What's up everyone, here we have AUD/JPY with two bearish bat patterns on the 4h chart. Excellent opportunity 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 Price has dropped from the first reversal area, I'm expecting one more move up to test...
I'm back with another market insight on cryptocurrencies, today I'm on the daily chart with STEEM/BTC. As many of you already know I recently started contributing on Steemit throughout June, you can follow me @lewisglasgow. I see a lot of potential in their platform and cryptocurrency, although it is not ready for mass adoption it certainly has many positives...
It will affect all these pairs - NU/USD EUR/USD GBP/USD USD/JPY AU/USD The economy in the USA is doing great. lowest unemployment numbers in 17 years. Fed is slowly increasing rates. Even if inflation isnt moving up yet, Fed is still raising rates to have some ammunition for the next recession. Keep in mind inflation is a lagging...
Good morning everyone! I'm super excited about todays set up! Here we have a bullish cypher on the 1D chart with USD/CAD. So much news on the USD came out yesterday, I decided to sit on this one until today. Low and behold, I woke up and it has hit D point! We can look to place a long position on this pattern with a take profit set to 1.3530 REMEMBER: Set your...
Hello, traders! Here in Scotland with @LewisGlasgow and @ KyleMcquade! We are having a great time building bonds, growing and learning with the Six Figure Capital team! Today, we have spotted a bearish bat on the 4H chart with AUD/JPY. Once price hits D point (87.140), we can look to enter out position and sell it down to 83.750. The take profit level shows...