LewisGlasgow

LewisGlasgow

Today we are looking at NZD/CHF on a 4h chart with a potential bearish crab, I'm loving the look of this setup already. 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 As you can see from previous price movement our pair has trading within a zone, I would like to see price...

LewisGlasgow

Here we have another harmonic pattern shaping up, this time we are looking at GBP/JPY on a 4h chart with a potential bearish 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 I'll be expecting a spike up to hit our D point, completing our pattern then a sharp move to the downside. I am...

LewisGlasgow

Today we have GBP/USD on a Daily chart forming an inverted head and shoulders pattern, this is similar to one of my previous posts but the pattern is flipped. As you can see price has recently formed the right shoulder, ready to make a move towards the neckline. If price starts moving lower, breaking support we may be forming a bullish cypher pattern instead,...

LewisGlasgow

Here we have another harmonic pattern shaping up, this time we are looking at EUR/CAD on a 1h chart with a potential bearish bat, this is looking very promising. 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 expecting a reversal between 1.48400 & 1.48700 which would...

LewisGlasgow

Today we are looking at GBP/USD 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 upside!

LewisGlasgow

I'm loving all of the Australian Dollar pairs at the moment, here we have AUD/NZD on a 1h chart with a completed 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 This links up perfectly with my long term prediction on the pair, this can be viewed below.

LewisGlasgow

Today we are looking at AUD/JPY on a Daily chart with a potential bearish cypher pattern, this could also potentially be a bearish gartley. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 As you can see from previous price movement our pair has been trading within a channel, I'll be expecting a spike up...

LewisGlasgow

Tonight we have USOIL on a Daily chart with a 0.618 retracement. This is additional analysis supporting my bullish 5-0 which was posted last week, you can view this idea below. Once price hits our 34.00 to 33.00 area I will be looking to go long!

LewisGlasgow

I'm splitting up the charts here on TradingView to bring some value to all of the new and existing traders. What do you think are the keys to becoming a successful trader? In my opinion trading can be broken down into three distinct core principles: 1. Mindset 2. Knowledge 3. Experience Everyone please feel free to leave your opinion below in the comments.

LewisGlasgow

Today we are looking at EUR/JPY on a 4h chart with a potential bullish cypher pattern, this looks very promising and it has an amazing risk:reward. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 As you can see from previous price movement our pair has been trading within a confined area, I'll be expecting...

LewisGlasgow

Today we have GBP/JPY on a 4h chart with a head and shoulders pattern, this is a very simple selling opportunity with amazing risk:reward. Taking into consideration my analysis on the Weekly chart, we will definitely be looking to short this pair. If you see any other setups forming on the charts please feel free to leave them below!

LewisGlasgow

Today we have one for the trend traders on a Weekly chart with GBP/JPY. Straight away you can see price has broke the lows of 2015 and 2014, continuing down into the 155.000 area before retracing. We are now 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

Hope everyone enjoyed their weekend, let's get into the charts ready for the week ahead. Here we have JPY/NOK on a Daily chart forming a three drives pattern, as we can see from previous price movement the pair has been trading within a channel. The three drives pattern is one of my favorites, when trading them it’s important to take a step back and look at...

LewisGlasgow

These moves are not measured, they are simply displayed to show the correlation between each market. The charts shown are listed below: Top: CAD/JPY on a Daily chart Middle: USOIL on a Daily chart Bottom: NKY on a Daily chart Additional: The same pattern can be found on multiple charts and markets, including SU and HSE. The weekly crude oil inventory report...

LewisGlasgow

Today we are looking at EUR/JPY on a 4h 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 As you can see from previous price movement our pair has been trading within a confined area before...

LewisGlasgow

Tonight we have USOIL on a Daily chart with a bullish 5-0 pattern. I'm 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

LewisGlasgow

Recap on the analysis I provided for my students previously this week. Here we have a head and shoulders setup on a Daily chart for USD/NOK, this pattern also took shape on the Weekly chart. This is a very simple selling opportunity, easy to spot and amazing risk:reward.

LewisGlasgow Updated 

Today we have CAD/CHF on a Daily chart forming an inverted head and shoulders pattern. This is similar to one of my previous posts but the pattern is flipped. As you can see price has already broken the neckline and closed above it on multiple time-frames, I would like to see a retracement before entering on a move to the upside. As always feel free to share...