LewisGlasgow

LewisGlasgow

There 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...

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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...

LewisGlasgow

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:...

LewisGlasgow

Make sure to keep this one on your watch list, here we have GBP/AUD on a 4h chart with a bullish cypher. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 I will be going long from around 1.69200 if we make a higher low at our D point, only time will tell. As always feel free to share any complimentary...

LewisGlasgow

We'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...

LewisGlasgow

Once 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:...

LewisGlasgow

Today 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...

LewisGlasgow

Here 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...

LewisGlasgow

I'm getting ready for the week ahead, make sure to keep this on your watch list! Here we have AUD/USD on a 1h chart with an excellent 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 I'll be looking for additional analysis this week for an entry point, as always feel free to share any...

LewisGlasgow

It'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:...

LewisGlasgow

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...

LewisGlasgow

Make 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...

LewisGlasgow

I'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...

LewisGlasgow

Today we have one for the trend traders on a Daily chart with AUD/NZD. Straight away you can see price has been trading within a range since early 2015, we are now testing our trendline below the 200 EMA. Will we keep pushing lower towards 1.05000 or bounce? I'll be going into the lower time-frames for additional analysis, there is a lot of picture perfect...

LewisGlasgow

Today 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....

LewisGlasgow

This 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...

LewisGlasgow

I'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...

LewisGlasgow

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...