Harmonic Trading by Lewis Glasgow

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (14 April 2017)

EUR/JPY: Bullish Bat


We are now forming a valid bullish bat pattern on the 4h chart which has opened up a trading 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

EURJPY.png


The D point completes on a key level of support, I'm expecting price to stall out followed by a reversal.

Entry: 113.900

SL: 112.100

TP: 120.200

Click here to view my original analysis on TradingView.
 

Khalidr

Recruit
Messages
6
Harmonic Trading (14 April 2017)

EUR/JPY: Bullish Bat


We are now forming a valid bullish bat pattern on the 4h chart which has opened up a trading 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

View attachment 31364

The D point completes on a key level of support, I'm expecting price to stall out followed by a reversal.

Entry: 113.900

SL: 112.100

TP: 120.200

Click here to view my original analysis on TradingView.
interesting was this posted last friday and valid for tuesday onwards please?
 

Khalidr

Recruit
Messages
6
Harmonic Trading (14 April 2017)

EUR/JPY: Bullish Bat


We are now forming a valid bullish bat pattern on the 4h chart which has opened up a trading 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

View attachment 31364

The D point completes on a key level of support, I'm expecting price to stall out followed by a reversal.

Entry: 113.900

SL: 112.100

TP: 120.200

Click here to view my original analysis on TradingView.
your TP is 120.00 will you have TP before that or will you let it ride to that target?
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
interesting was this posted last friday and valid for tuesday onwards please?
Yes the bullish bat for EUR/JPY is still valid, price is currently 110 pips off the reversal zone.

My final take profit level is 120.200 but I will scale in and out to maximise profit.

Once the pattern completes my first target level will be 116.300.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (17 April 2017)

EUR/CAD: Bullish Bat


We are now forming a valid bullish bat pattern on the 4h chart which has opened up a trading 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

EURCAD.png


The D point completes on a key level of support, I'm expecting price to stall out followed by a reversal.

Entry: 1.38700

SL: 1.37500

TP: 1.42900

Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (17 April 2017)

AUD/NZD: Bearish Bat


What's up everyone, price is now forming a bearish bat pattern on the daily chart.

This is an excellent trading 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

AUDNZD.png


The B point formed at a key level in the market, therefore I'm using this as my final take profit level rather than a 0.618 retracement of A to D.

Entry: 1.12100

SL: 1.13700

TP: 1.07600

Click here to view my original analysis on TradingView
.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (19 April 2017)

AUD/JPY: Pattern Confluence


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.

AUDJPY.png


I'm absolutely loving the look of this setup already!

That exact same level is a pivot support in the market as shown below.

AUDJPY Daily.png


I'll be looking for additional confirmation to go long, if successful it will soon be followed by a short position around 84.800.

Entry: 81.400

SL: 80.350

TP: 84.800

Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (21 April 2017)

EUR/CHF: Bearish 5-0


I'm back with another bearish 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

EURCHF.png


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.

Entry: 1.08200

SL: 1.09550

TP: 1.04400

Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (24 April 2017)

NZD/CAD: Bearish Bat


What's up everyone, price has now formed a bearish bat pattern on the 1h chart.

This is an excellent trading 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

NZDCAD.png


As you can see from the 4h chart below, we are trading within a descending channel and price has now reached the top trendline.

I'm expecting one more move up before the drop.

NZDCAD Price Structure.png


Entry: 0.95150

SL: 0.96350

TP: 0.92800

Click here to view my original analysis on TradingView.
 

Lewis Glasgow

SixFigureCapital Representative
Messages
64
Harmonic Trading (26 April 2017)

GBP/USD: Bullish 5-0


I'm back with another 5-0 pattern but this time on the 4h timeframe with GBP/USD.

The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50

GBPUSD.png


Price is currently forming the C leg which will complete in between 1.618 and 2.24, it will more than likely complete at the 1.618 level as a bearish deep crab forms in the same price zone (chart is shown below).

GBPUSD 4H.png


You can short from C to D of the 5-0 pattern and hold the position until the pattern completes.

Entry: 1.26260

SL: 1.24780

TP: 1.32730

Click here to view my original analysis on TradingView.
 
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