lawlee9

lawlee9

Respect of the minor support to retrace. Expecting deeper pullback before continued down. Yen seems to be gaining strength and possible bottom.

lawlee9

Five wave sequence complete by orange marks. Five wave sequence for fifth wave also complete and start of retracement based on break of big box low. Trend line breaks as well. Looking for a retest of the small box above the intersection of the trendlines as an area to short. Aiming for an area of support at 88.6% and right before the break of the fourth wave in...

lawlee9 Updated 

Looks like we're currently finishing up the corrective 4th wave, and getting ready to drop before NFP for the 5th wave.

lawlee9 Updated 

Completed a 5 wave structure on the daily timeframe, and now I'm looking for a retracement back to the upside. We have support at 1.32156 and trendlines for confluence. Stops 10 pips below.

lawlee9

After the V bottom recovery, we hit resistance on the monthly timeframe. Watching the move back up, we're hitting resistance indicated by the red line, and also showing a wedge pattern with a touch of the top. The minor move up just completed a 5 wave series, so we should see this retrace to the 78.6% of the smaller fib as that should end the 5 wave structure...

lawlee9 Updated 

Finding support here. Also have a head and shoulders, while breaking back above a major trendline. Expecting price to come up and close above support on the monthly, with a possibility of breaking previous highs. If so, then well see a pullback to the downside before making its larger impulsive move up.

lawlee9 Updated 

Seeing price consolidating, and seeing signs of a move higher. We broke out of the daily support zone that price has been ranging in, but there's a lot of price action below that it needs to break to make the move down. I think we're seeing the price action hold up here, and possibly present a fake break out of the range, and move back higher. We should come back...

lawlee9

Broke out of resistance. Seeing a play for the retracement down to the 61.8%

lawlee9 Updated 

Playing the pullback before the long.

lawlee9

Looks like the correction C wave (5 wave sequence). At resistance and did not break previous high marked by black line.

lawlee9

We see price rejecting off the trendline twice now. The two touches can be seen as an ABC correction of the previous move up (minor 4th wave of the major 3rd wave). One more leg up to complete the 3rd wave, and then we'll see the big drive for the 5th wave up to the 88.6% after BOJ and UK news come out. Looking for a big correction as well after.

lawlee9 Updated 

I have a target area, with not much time left for it to get down about 150-170 pips. Let's see if it gets there. Looking for a long term long at that price level.

lawlee9

Price is coming down into a level of confluence for support by early next week. From there, I am expecting a move to the upside into the foreseeable future.

lawlee9 Updated 

Big run up last week breaking a lot of previous highs indicating bulls are in play. Caught at resistance right now, and expecting a pull back almost as big as the run up from last week. Long term expecting this to go much higher, but for now the short retracement looks like a good play.

lawlee9 Updated 

Weekly View on the chart. We have a confluence area based on trendlines that we might see price come down to by 1st week of Feb. This coincides with the completion of a 5 wave pattern at the 23.6% on the daily indicated by the FIB shown. After that, I'm expecting price to break through this range and reach for higher levels.

lawlee9 Updated 

Price has been in a channel for a few weeks now. We're on our way up to touch and exceed the top of the channel before we see the short. Looking to make a few trades along the way. On the 5 minute, we're in a channel and waiting for the breakout and retest for the long.

lawlee9 Updated 

Price completed a 5 wave structure on the daily. We hit some resistance targets, and now looking for the correction. On the 4H we can see a potential head and shoulders. Looking for the light blue line as the resistance before sending this back down. Long term target is the 78.6% FIB level. Shorter term targets are the 23.6% on the purple smaller FIB.

lawlee9 Updated 

Price went higher than expected, but short is still in play. Break of current trendline, will lead this down further. On a monthly timeframe, the 137.865 level is where price went before it's huge move up. Back a few years, price placed in a range where recent highs hit the high level of that range and the 137.865 level is the bottom of that range.