LewisGlasgow

LewisGlasgow Updated 

Interesting setup on the 4h chart for NZD/CHF with a potential shorting opportunity. Price recently broke out of an ascending channel and has now formed a rising wedge indicating a move lower. Upon a break and close below the trendline, I expect price to find support around 0.68100. The purpose of this post is to highlight the key price structure within the...

LewisGlasgow

There are some amazing setups forming on the charts, here we have NZD/JPY on the daily chart with an inverted head and shoulders pattern. The same pattern can be found on CAD/JPY (chart is shown below). The right shoulder is currently sitting below the 0.50 retracement level but it may complete at 0.618, which is an ideal level as pattern as a whole generally...

LewisGlasgow

I'm back with another 5-0 pattern but this time on the 1h timeframe with EUR/CAD. Price is currently completing the C point in between 1.618 and 2.24, it may alter the PRZ depending on where it completes. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 I expect price to fill the 200+ pip gap and stall...

LewisGlasgow Updated 

Interesting setup on the daily chart for USOIL with a shorting opportunity, price recently bounced off the top trendline and started its short-term decline. I'm expecting a drop to 49.25 before price finds support, it will cross the 200 EMA around this level too which may upon up an opportunity to go long. The main purpose of this post is to highlight the key...

LewisGlasgow

Hello traders, here we have AUD/CAD on the daily chart with a potential bearish three drives pattern. I'd like to thank Six Figure Capital student www.tradingview.com for spotting this setup. Price completed the 2nd price drive at the 1.272 extension and we're now completing the 3rd price drive around 1.06000. You will need to pay close attention to price...

LewisGlasgow

What's up everyone, here we have NZD/USD with a bearish 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 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 This chart is full of key support and resistance zones, it will be easy to validate...

LewisGlasgow

I'm back with another 5-0 pattern but this time on the daily timeframe with EUR/CHF. 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 is currently forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at 1.618 level. If it drops lower it will complete a...

LewisGlasgow Updated 

There are some amazing setups forming on the charts, here we have CAD/JPY on the daily chart with an inverted head and shoulders pattern. The right shoulder is currently sitting on the 0.50 retracement level but it may complete at 0.618, which is an ideal level as pattern as a whole generally holds a better structure in this situation. The neckline is bang on...

LewisGlasgow

What's up everyone, here we have EUR/GBP with a bullish butterfly pattern inside of a bullish AB=CD pattern on the 4h chart. I'd like to thank my good mate www.tradingview.com for spotting this setup. This is an excellent trading opportunity with over 1:4 risk to reward. The D point of both patterns complete at 0.81500, this has proven to be a crucial turning...

LewisGlasgow

Hello traders, following up from my successful bearish 5-0 for AUD/CHF (chart is shown below), I have now spotted a bullish cypher which completes at the bottom of an ascending channel on the daily chart. This is an excellent opportunity with a potential 250+ pip return. If you take a look at the daily chart below, price is now approaching the bottom of the...

LewisGlasgow Updated 

Wow this is huge! Today we have AUD/JPY on the 4h chart with a lot of confluence around the 81.500 level. At this level, price will form a valid bullish crab pattern and the C point of two bearish 5-0 patterns. I'm absolutely loving the look of this setup already! That exact same level is a pivot support in the market as shown below. I'll be looking for...

LewisGlasgow

Hello traders, it appears EUR/CAD is now forming a bearish cypher pattern on the 1h chart. This is an excellent opportunity with a potential 250+ 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

What's up everyone, here we have GBP/CHF with a bearish AB=CD pattern on the 4h chart. The measurements for a valid AB=CD pattern are detailed below. C: 0.618 - 0.786 D: 1.272 - 1.618 Excellent trading opportunity with over 1:3 risk to reward. The D point may complete at 1.618 which is a key resistance level in the market. A to B time completion is very...

LewisGlasgow

Hello traders, here we have CHF/JPY with a bullish bat pattern on the 4h chart. This links in extremely well with my previous post for EUR/JPY (chart is shown below). All-round excellent opportunity with a 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:...

LewisGlasgow

There are some amazing setups forming on the charts, here we have XCU/USD on the 4h chart with a head and shoulders pattern. The right shoulder formed on the 0.618 retracement level, which is an ideal level as the pattern as a whole generally holds a better structure in this situation. There has now been a pullback to the trendline, providing an excellent area...

LewisGlasgow Updated 

Today we have XRP/USDT 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 see we have just experienced a move from 0.007 to 0.075 within just 11 days which is around a 1000% increase in price. Currently, price is trading in between the 0.618 and 0.786 retracement levels,...

LewisGlasgow

What's up everyone, here we have AUD/NZD with a bearish bat pattern on the daily chart. Excellent opportunity with over 1:2 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 final...

LewisGlasgow Updated 

Hello traders, here we have EUR/GBP with a bearish bat pattern on the 4h chart. Excellent opportunity with almost 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 As you can see from the chart below price is trading within a horizontal channel. I'm...