LewisGlasgow

LewisGlasgow

Today 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...

LewisGlasgow

Here we have an extended bearish bat pattern, this time we are looking at GBP/JPY on a 4h chart with a this perfect shorting opportunity. 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 As you can see our pair is approaching a major turning point in the market, I would like...

LewisGlasgow

Today 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...

LewisGlasgow

Once 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...

LewisGlasgow

Here 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...

LewisGlasgow

Today 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...

LewisGlasgow

This is huge, we have AUD/USD on a Daily chart with an extended harmonic pattern, we experienced a really similar situation nearly 2 weeks with AUD/JPY which is shown below. We are approaching the oversold region on the 1h and 4h chart for RSI, I'll be expecting price to hit resistance then stall out in our zone followed by a sharp move to the downside.

LewisGlasgow

Tonight we have USOIL on a 4h chart with a head and shoulders pattern. We are currently trading below the 200 EMA on the Daily chart, if we close above this I would consider the trade invalid. I'm looking to short this all the way down from the right shoulder, waiting for confirmation! This is additional analysis supporting my long term prediction which was...

LewisGlasgow

Today we have one for the trend traders on a Weekly chart with DXY. Straight away you can see price has been stuck in consolidation since the beginning of 2015. We are now trading above a very important pivot support, a break below this level will potentially drive the price down towards our 200 EMA. If you have any additional analysis on the shorter time...

LewisGlasgow

Here we have a complete harmonic pattern, this time we are looking at GBP/USD on a 1h chart with a bearish bat, this is a perfect shorting opportunity. 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

Today 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...

LewisGlasgow

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...

LewisGlasgow

There are some amazing setups forming on the charts, here we have EUR/GBP on a Weekly chart. Straight away this could be an excellent selling opportunity once we confirm a bounce off our trendline, RSI is overbought which is another indicator price will start to move to the downside. Taking into account the whole chart we will also have a potential long position...

LewisGlasgow

Today we have GBP/USD on a 4h chart forming a head and shoulders pattern, this is similar to one of my previous posts but the pattern is flipped. As you can see price has previously broken the neckline, now approaching the same area ready to make a move to the downside. We will definitely be looking to short this pair. If you see any other setups forming on...

LewisGlasgow

Today we are looking at EUR/JPY on a 4h chart with a potential bullish cypher pattern, this is shaping up to be a very nice trading 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 expecting price to stall out around our D point, completing the pattern then a sharp move to the...

LewisGlasgow

This 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...

LewisGlasgow

Here we have EUR/USD on a 30m chart with a potential bullish gartley, this pattern has taken shape on several time frames. 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 I'll be expecting price to stall out around our D point, completing our pattern then a sharp move to the upside....

LewisGlasgow

There are some amazing setups forming on the charts, here we have EUR/JPY on a Daily chart with an AB=CD pattern. Straight away this could be an excellent shorting opportunity from the C-D leg move, we will also have a potential long position in the near future upon completing the D leg. We are bearish on this pair as long as price stays beneath the descending...