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Lewglasgow

EUR/NZD - Bearish Shark (500+ Pips)Hello traders, here we have EUR/NZD with a bearish shark pattern on the 4h chart. This is an excellent shorting opportunity with over 1:3 risk to reward, don't miss out on this one! 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 The D point forms at a strong level of resistance, therefore it is unlikely this pattern will form at an X to D of 1.13. This pattern could potentially turn into a 5-0 in the near future, after a successful short. Feel free to connect with me below :)
Short
by LewisGlasgow
5
USD/JPY - Bearish 5-0Wow this is huge! Today we have USD/JPY on the 1h chart with a perfect bearish 5-0 pattern, I'm absolutely loving the look of this setup already! 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 consider this pattern to be perfect as both B and C points come in a 1.618. I'll be trading this pattern in a different way than normal, due to the dollar gaining strength this week I'll be going long from C to D before going short. A valid inverted head and shoulders pattern has formed on the 15m chart which would be an excellent entry point (chart shown below). To add to the bearish 5-0, price has formed a valid reciprocal AB=CD pattern which completes at the D point (chart shown below). I hope you all have an excellent week. Here's to your success!
by LewisGlasgow
6
XAU/USD - Bearish Bat (Continuation)Following up from my prediction over 2 months ago with XAU/USD which resulted in a move from $1249 to $1198 (chart shown below), I'm now looking to get back in to continue the move lower. Price has hit in between the 50% and 61.8% retracement, exactly where the D point of the bearish bat pattern has formed. 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 Taking into consideration one of my other charts (shown below) indicating a potential lower low in the market, price has now hit the daily trendline at $1233 right on the D point of the bearish bat pattern. All round this is an excellent trading opportunity with over 1:4 risk to reward.
OANDA:XAUUSDShort
by LewisGlasgow
8
EUR/USD - Inverted Head and ShouldersThere are some amazing setups forming on the charts, here we have EUR/USD on the 4h chart with an inverted head and shoulders pattern. The right shoulder formed at the 0.618 retracement which is excellent as the pattern as a whole generally holds a better structure in this situation. The neckline is bang on a key resistance level, closing above this would provide additional confirmation to go long. BUT price could stall out on resistance and sell-off back down to the right shoulder since it is a pivot point in the market. I'll be looking for extra validation indicating long or short in the near future. I hope you all have a great weekend!
by LewisGlasgow
10
XAU/USD - Bullish CypherWe're looking at another cypher pattern but this time on the 4h chart with XAU/USD, this is an excellent long opportunity with 1:2 risk to reward... Don't miss out on this one! The D point forms at a major level of support, I'm expecting price to stall out on this level... This could be a pullback before continuing the bigger picture. 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'd like to thank www.tradingview.com for spotting this pattern and giving me the heads up!
OANDA:XAUUSDLong
by LewisGlasgow
4