LewisGlasgow

LewisGlasgow

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...

LewisGlasgow

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...

LewisGlasgow Updated 

Before we dive into today's analysis, I'd like to thank you all for your continued support in helping me reach 5,000+ followers, I'm extremely grateful! The setup displayed in front of you today is a prime example of market cycles repeating themselves, I have clearly illustrated on the chart the similarities between the two extended moves up. I'll strip this...

LewisGlasgow

Hello traders, due to numerous requests for the future direction of Bitcoin here is my current view for BTC/USD on the 4h chart. I'm expecting a similar move to the one we experienced 2 months ago (chart is shown below). The prediction above was used as an indication of future price direction from $890, rather than waiting to short upon completion of the...

LewisGlasgow

Hello traders, here we have a bullish 5-0 pattern on the 4h timeframe with NZD/USD. Price just formed a valid C point at the minimum 1.618 level which aligns with a valid bearish shark pattern, which has opened up a shorting opportunity from C to D. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Taking a...

LewisGlasgow Updated 

Here we have another 5-0 pattern but this time on the 4h timeframe with GBP/AUD. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 Price formed the C point at 2.0 and has started the decline towards D, keep an eye on this setup over the next couple of weeks. I hope you all have a great day :)

LewisGlasgow Updated 

Hello traders, following up from my successful prediction for Siacoin (chart is shown below), I'm now looking at the bigger picture for potential moves throughout June. As you can see from the 1h chart, price exceeded the high at 590 and peaked around 740, followed by a 30% decrease in price. This has provided an excellent outlook going forward as I can...

LewisGlasgow Updated 

What's up everyone, here we have AUD/NZD with a bullish bat pattern 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 (price closed below the 50% but I would still consider the structure valid) C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 The D point...

LewisGlasgow Updated 

Today we have SC/BTC on the 15m chart, as there is not a lot of data for this asset, however, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief overview. As you can see price is creating several key areas of support and resistance which we can use to our advantage. Currently, price is trading in between...

LewisGlasgow

Interesting setup on the daily chart for USOIL which appears to be trading within a descending channel, price recently broke a solid support trendline which had been holding for around 12 months. It will be interesting to see if price respects this structure going forward. The main purpose of this post is to highlight the key price structure within the market......

LewisGlasgow Updated 

Hello traders, here we have CAD/CHF with a bullish bat and bullish AB=CD on the 4h chart. Excellent opportunity with over 1:3 risk to reward. I'm looking for a second entry on this move. 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 The D point completes on a level of...

LewisGlasgow Updated 

Hello traders, following up from my price structure post for STR/BTC (chart is shown below), I have now spotted a bearish three drives pattern indicating a move up to 3670. Price completed the 2nd price drive at 1.56 and we're now in the middle of the 3rd price drive which I am currently capitalising on. As shown below price is currently consolidating...

LewisGlasgow Updated 

There are some amazing setups forming on the charts, here we have USOIL on the 4h chart with a bullish gartley. Price has broken the daily trendline, I'm expecting a pullback upon completion of the gartley pattern before continuing the move lower. The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618...

LewisGlasgow

What's up everyone, here we have EUR/GBP with a bearish bat pattern on the 1h chart . Excellent opportunity with over 1:4 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 The B point formed at a key level in the market, therefore I'm using this as my mid-way...

LewisGlasgow Updated 

Hello traders, it appears USD/JPY is now forming a bearish cypher pattern on the 4h chart. This is an excellent opportunity with a potential 350+ pip return! 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 once it reaches the D point, keep this setup on your watch...

LewisGlasgow Updated 

I'm back after a long week off the charts, I've been focusing on new educational content for my private students and I bought a new car so I've been extremely busy, apologies for being inactive! Today we have STR/BTC on the 1h chart, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief overview. As you can...

LewisGlasgow

Hello traders, here we have EUR/CHF with a bearish shark pattern on the 4h chart. This is an excellent shorting opportunity with over 1:2 risk to reward! 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 This pattern could potentially turn into a 5-0 in the near future, after a successful...

LewisGlasgow Updated 

I'm bringing you guys something entirely new on Ripple, this cryptocurrency is one that has definitely become more and more appealing over the past couple of months. The setup in front of you today is on the daily timeframe :) feel free to check out my previous post for Ripple (chart is shown below). Price is still respecting the 0.618 and 0.786 retracement...