Harmonic Trading by Lewis Glasgow

[Lewis Glasgow]

Harmonic Trading (06 February 2018)

EUR/USD: Bullish Gartley

Following up from my previous successful bullish gartley for EUR/USD, we've now got another bullish gartley but this time on the 30m chart.

The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786

As you can see the PRZ forms on a critical level of support, this is an ideal area for a reversal to take place.

I'll re-analyse upon completion, this setup provides a 1:2 risk to reward.

Entry: 1.22911

SL: 1.22146

TP: 124444

Click here to view my original analysis on TradingView.

 

[Lewis Glasgow]

Harmonic Trading (06 February 2018)

MaidSafe: Bullish Bat

What's up traders, today I'm looking at MAID/BTC on the 4h chart with a bullish bat pattern, this pattern completes near the all time low for MaidSafe and it's exactly why it caught my attention.

B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

Entry: 0.0003236

SL: 0.0001965

TP: 0.00006766

Right now price has decline by 52% and the overall correction at the PRZ is 64%.

Once the pattern completes I will update the idea before going long!

Click here to view my original analysis on Tradingview.

 

[Lewis Glasgow]

Harmonic Trading (01 June 2018)

NZD/CHF: Bullish Bat

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 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 1.272 AB=CD, 2.24 BC and 0.886 XA in the PRZ for this particular setup.

Click here to view my original analysis on TradingView.

 

[Lewis Glasgow]

Harmonic Trading (26 June 2018)

AUD/NZD: Gartley 886 and Cypher

Interesting situation on the 1h chart for AUD/NZD, we've got a valid bearish gartley 886 and bearish cypher forming within a close proximity.

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 standard measurement.

If we execute the trade based on the gartley, allow more room for the stop loss than usual... Between 1.0 and 1.13 of XA (beyond X).

The cypher pattern uses a stop loss beyond X.

Pay attention to both formations if we see price break above the 1.07800 area, we can then start considering a shorting opportunity.

Feel free to share your views below.

Click here to view my original analysis on TradingView.

 

[Lewis Glasgow]

Harmonic Trading (27 June 2018)

GBP/USD: Bullish Bat

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 this small structure in the PRZ on the 1m chart, awaiting a break to the upside.

Due to the nature of this setup, I'm waiting for further confirmation of the reversal.

Click here to view my original analysis on TradingView.

 

[Lewis Glasgow]

Harmonic Trading (04 July 2018)

EUR/GBP: Gartley 886

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 78.6% retracement which is the standard measurement.

Checking 5m and 1h timeframe, pattern is now complete!

Click here to view my original analysis on TradingView.

 

[Lewis Glasgow]

Harmonic Trading (05 July 2018)

EOS/USD: Bearish Bat

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 attention to the price structure within the CD leg as a breakdown may invalidate the entire formation.

Click here to view my original analysis on TradingView.

 

[Lewis Glasgow]

Harmonic Trading (05 July 2018)

EUR/JPY: Bearish Gartley

EUR/JPY is now retesting 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!

Click here to view my original analysis on TradingView.

 

[Lewis Glasgow]

Harmonic Trading (09 July 2018)

EUR/USD: Two Potential Setups (Gartley and Deep Crab)

I'm currently 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, the bearish gartley is now a valid trading opportunity as price has confirmed all of the ratios in the potential reversal zone. 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 and optimise entries.

Click here to view my original analysis on TradingView.

 

[Lewis Glasgow]

Harmonic Trading (10 July 2018)

S&P 500: Bullish AB=CD BAMM

BullishAB=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 action towards the pattern's completion. This move needs to be assessed in real time and we cannot use any limit orders, analyse price action upon the breakout of 2792 to determine the continuation.

I will be trading with a tight stop loss if executed, target is 2892.

Click here to view my original analysis on TradingView.