lawlee9

lawlee9

Broke out of trendline, and is now showing bullishness after retesting. Also, red horizontal line is showing a failed attempt at making a lower low. Looks like first point of attack is 1.47, and then 1.48, and possibly 1.51.

lawlee9 Updated 

A whole bunch of AB=CD patterns here on NZDUSD from the higher time frames down to the lower ones. It's been working out so far, planning to trade this plan till it gets to the very lows

lawlee9

Breach of the previous highs indicate to me that we may be able to see prices move higher even though we had a pretty strong sell off after the high was created. Buy order waiting at .7528 (50% retracement of move) and targeting the short term role reversal level at .7683. Not a large target, but could be a decent play. Prices may drop or go up from there, but...

lawlee9

Impulsive moves into 96.36. Then short to 93.72

lawlee9 Updated 

Failure at the .61930 level..could bring prices to the previous role reversal level at .7200?

lawlee9

Price failed to make a higher high at .78388, shooting prices down with a target of the previous major lows. A failure at the .7100 region could shoot prices up to .7369 which would be a good place to short for the major lows or even lower.

lawlee9

Double bottom on the monthly/weekly. Retracement finished and looking for a another leg up. You can see price being support by the 20EMA as well.

lawlee9

Simple breakout pullback play here. Going long to test previous high, and aiming to target the next level of highs thereafter.

lawlee9

What looked like a squeeze on the daily to the downside, now looks like a falling wedge, which would bring prices to the upside. We also have a lot of hidden divergence indicating moves upward. Lastly, we see a breach of a minor trendline within the wedge. I see this breaking up towards the top of the wedge, and then breaking out of that to hit a significant...

lawlee9 Updated 

A little late to the party, but we should see this pair move higher to the 1.5 level. We have a breach of the previous high indicated by the rectangle, and support from previous PA that held strongly. A good entry here would be to get in on a touch or close to a touch of the 20EMA with a stop just below the lows.

lawlee9 Updated 

Failed to make a higher high as price touched the close of the previous high bar at 1.6627, which triggered an impulsive move downward. This looks like the start of the bear move, but still being weary until it breaks 1.08228, which seems to be like the most significant role reversal level. Until then, I will try to break down the move down into 3 trades in...

lawlee9 Updated 

This pair has repeatedly failed to make higher highs starting from the first one at 1.66156 level. This was the weekly high from 2009, and prices moved impulsive to the level, but never even made it before coming back down. After finding support, the pair tried to hit the same level again, this time only making it to 1.62490 which was the most recent high made...

lawlee9

NZDUSD always retraces to breakout levels sooner or later. We have one that has not been revisited yet at .7121. This is definitely a longer term view on the pair, but I don't think we are ready to break down into new low territory just yet. I would assume a break of channel after a touch off the top of the ascending channel. Right now if we were to break the...

lawlee9 Updated 

We have a double top confirmation on NZDUSD, so more downside moves are expected. However, at the moment, price moved back into the channel it broke out of. A long position now looks like a good play to the .698 level, which would then trigger a sell order to go down to the bottom of the larger channel. In many cases, when there is a double top, prices tend to...

lawlee9 Updated 

AUDUSD broke out of a major trendline, and took a deep fall with little retracement. Price met support at the retest of a weekly trendline, and is now showing a reversal pattern. If this next 4H candle closes as a pinbar, then that is the signal to enter long at its close. Stop loss should be set to .73248. Target .7715

lawlee9 Updated 

We are in a higher time frame downtrend (monthly), so expecting more lows in the coming weeks. However, price is in a large ascending channel, and in a smaller ascending channel within that, both of which haven't broken yet. It looks like today confirmed a range as price bounced off of the .6800 level and closed above the previous candle that touched the .6800...

lawlee9

As long as price remains above .68339, I am bullish here. Price double topped at around the .700 level, and has made it's way back down, but is finding support now. There is increased volatility meaning more bulls are coming in to battle against the bears. We also see an inverted head and shoulders pattern. Price also breached the resistance shown by the red...

lawlee9

For the past few months, I was expecting prices to range within the rectangle before making new lows. So far, it's been doing just that. There's been a lot of sell off in AUD recently and the moves have been incredibly impulsive, but until it breaks the range, you gotta play it. Going long from here and targeting 82.442. If that breaks to the upside, then I'm...