LewisGlasgow

LewisGlasgow Updated 

Bullish AB=CD BAMM opportunity is now shaping up on the Standard and Poor's 500 index on the 4h chart. This one to one measured move looks excellent, the AB=CD completion is beyond the ATH at 2877, this is complemented by the reciprocal ratio of 0.5 which is the 2.0 projection. I'm expecting price to break resistance @ B followed by an acceleration in price...

LewisGlasgow Updated 

Quick post ahead of market open, I'm looking at EUR/USD on the 1h chart with a bearish gartley and bearish deep crab pattern. The first formation we will need to assess in real-time upon completion is the bearish gartley, we need to determine if the reversal will take place @ 1.17800 or 1.18415. I will be focusing on the 15m and 4h chart to back up my analysis...

LewisGlasgow Updated 

EUR/JPY is now restesting the PRZ of a bearish gartley on the 1h chart. The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.13 - 1.618 Final X to D: 0.786 Use the 15m chart for entries! Minimum 1:2 R:R trade. Safe trading everyone!

LewisGlasgow

Hello traders, here we have EOS/USD on the 1h chart with a valid bearish 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 XA Retracement: 0.886 Price has yet to confirm the PRZ which consists of a 2.0 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio. I'm currently paying...

LewisGlasgow Updated 

What's up traders, I'm currently watching the gartley 886 on EUR/GBP 15m chart. The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.13 - 1.618 Final X to D: 0.786 (0.886 due to AB=CD completion) Gartley patterns at an 88.6% retracement of XA are unique, this is utilised when the AB=CD completion extends past the...

LewisGlasgow

Quick outlook on XRP/USD with a descending channel on the 4h chart. Many of my followers have requested analysis for several cryptocurrencies and the vast majority are trading within price channels right now. The structure shown for Ripple can be seen in various other altcoins such as ETH (testing resistance) and SC. I'd pay close attention to the minor support...

LewisGlasgow Updated 

The vast majority are still bearish on BTC, mainly due to structures on the lower timeframes indicating further downside. Taking a step back and analysing the 4h chart, it provides a different outlook. Straight away we can see many similarities in the way price has been moving since March 2018. Trading within clearly defined descending and ascending channels,...

LewisGlasgow Updated 

Hello traders, here we have GBP/USD on the 15m chart with a valid bullish 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 XA Retracement: 0.886 Price has confirmed the PRZ which consisted of a 1.618 AB=CD, 2.24 BC and 0.886 XA retracement as the final ratio. I'm paying attention to...

LewisGlasgow Updated 

What's going on traders, I hope you've all had an excellent weekend. I'm bringing you an opportunity to keep on the watch list, today we have AUD/NZD on the 1h chart with a bearish gartley 886 and bearish cypher. Gartley patterns at an 88.6% retracement of XA are unique, this is utilised when the AB=CD completion extends past the 78.6% retracement which is the...

LewisGlasgow Updated 

What's going on traders, I hope you've all had an excellent week. I'm bringing you an opportunity to keep on the watch list, today we have NZD/CHF on the 4h chart with a bullish bat pattern. It's a back to back setup as price previously formed a bearish bat pattern which almost hit SL at 1.13 of XA, price reversed and achieved TP 1 and 2. The measurements for a...

LewisGlasgow Updated 

Interesting situation on the 15m chart for NZD/USD just before market close. We've got a valid bearish gartley 886 that completed earlier today, price has now retested the same area and opened up a potential short. The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.13 - 1.618 Final X to D: 0.786 (0.886 due to AB=CD...

LewisGlasgow

We've got another bat formation on the daily chart, this time we're looking at USD/CAD. Price is 300 pips away from the PRZ so this is one to keep on the watch list... It has a lot of potential. 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 XA Retracement: 0.886 We're looking at a 1.618...

LewisGlasgow Updated 

Traders I hope you're having a good week so far, today I'm bringing you a trading opportunity on the daily timeframe for NZD/USD. We're looking at a bullish bat type-II retest as the initial reversal in the PRZ was short lived. I believe once we can confirm this reversal it'll go the full way. The measurements for a valid bat pattern are detailed below. B:...

LewisGlasgow Updated 

As we anticipate the bull market returning, we are quickly put back in our place by the bears. Further declines are more daunting than ever at this stage, there is a lot of uncertainty in cryptocurrency right now. I'd like to present a simplistic piece of analysis on bitcoin, I'm sure the novice technical analyst will be able to benefit from this post. Today I'm...

LewisGlasgow

GBP/NZD is currently forming a bullish deep crab pattern on the 4h chart, providing a trading opportunity with a 1:2.8 risk to reward. The measurements for a valid deep crab are detailed below. B: 0.886 C: 0.382 - 0.886 D: 2.0 - 3.618 X to D: 1.618 This is another setup to keep on the watch list! We are close to confirming the PRZ, once we do we can...

LewisGlasgow Updated 

Traders I hope you are all well, today I'm presenting the basic price structure of bitcoin and what I see happening in the near future. Dropping down to the 30m chart we can see price formed a symmetrical triangle at the market low, followed by an unexpected impulse on the 12th of April 2018. This was followed a brief period of advancement and now a break to the...

LewisGlasgow

Hello traders, it appears CHF/JPY has formed a bullish cypher pattern on the 15m chart. This is an excellent long opportunity with a potential 1:2 risk to 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 always keep your risk in check and apply sound trading knowledge to come to trading...

LewisGlasgow

What's up everyone, today we have a shorting opportunity on NZD/USD with a bearish bat pattern on the 1h 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 ratio alignment for this setup is spot on, almost...