IvanLabrie
Long

AUDUSD and NZDUSD: Weekly uptrend in place after W bottom

FX:AUDUSD   Australian Dollar/U.S. Dollar
1444 33 33
Analysis on chart.
Look for oversold readings in lower timeframes to enter long, ideally.
Target is on chart for each pair.
The chinese data has been positive for the time being, it's possible to see a retracement rally soon before the main trend resumes.

Good luck,
Ivan Labrie
Comment: Almost 100 pips up since publication.
Comment: Trail stop using a 10 period moving average of the lows or the 4 period moving average of the range (HL2).
Comment:
snapshot
Trail SL
Comment: Good retracement buy!
Comment: Added to longs on retrace. Optimal today.
Trade active:
snapshot


On track.
Comment: (We can trail stops to 0.6695.)
Comment: Might be wise to book some profits and place stop at entry price for the rest of this move.
Comment: Minimal dent on NZDUSD, AUDUSD looks simply too weak.
Comment:
snapshot


Safer to close NZDUSD long and wait.
Comment: 3.6R long.
Trade active: Taking AUDUSD for a spin here.

snapshot
Comment: We trailed stop with our group and have orders to add to it.

snapshot
Comment:
snapshot


Had added at 0.72191, stop 0.71894, closed half at 0.7249.

NZDUSD, I bought 0.67733, stop 0.67594 and closed all at 0.68199.
Comment: You can add to AUD again...weekly uptrend will confirm by this week's close...

snapshot
First time analyzing your chart. You're expecting NZDUSD to reach .72128 target?
+1 Reply
Yes, it seems like NZDUSD has the best risk vs reward for now.
You can enter now and use the weekly open as stop, or look for a retracement entry.
Reply
I agree.Shorting it failed. Time to turn the lights up!
NZDUSD: PULLBACK TO AN IMPULSE UP OR BALANCED MARKET?
Reply
Totally agree.. I am already long in these two markets and i am adding till we reach the levels as targets. Great work mate..
+1 Reply
great
+1 Reply
IvanLabrie PRO paulselvan
Thanks guys, good luck.
Reply
Thanks 4 sharing Ivan!
Overall NZD and AUD strength.
I'm short GBP/NZD as of yesterday, looked promising also, going well so far!
What about NZD/JPY?
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Could be a good long but not sure.
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IvanLabrie PRO IvanLabrie
GBPNZD is a very strong downtrend.
Reply
Great work mate, as always :)
+1 Reply
IvanLabrie PRO moneymaking
Thanks!
Hope you're having a good week.
+1 Reply
moneymaking IvanLabrie
Yeah mate, doing pretty good. Thanks :)
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Will try to get in long AUD/USD!

AUD/USD: Long if we break out of the flag!


Could go up for quite a while still:

AUD/USD: First attempt at EW count + bat!
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Excellent, yes, it's a very strong uptrend.
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Added more longs at .7175 just now, .7170 seem like a strong support on all time frames :)
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I didn't long aud again...got stopped, only nzdusd.
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SkyrEk IvanLabrie
alright, no intention to go long on AUDUSD for your intended Target?
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I wouldn't know. It stopped me using my scale in methodology so I'm out.
NZDUSD looked stronger and we have rbnz.
+1 Reply
Hello everybody,
Everyone is thinking about AUDUSD currency pair and here we go this is a nice video regarding to the pair, please hint this in the video https://www.youtube.com/watch?v=lDG14QQ_yz8
+1 Reply
IvanLabrie PRO LaiptaiCervinskas
Post charts instead of shameless youtube channel plugs, thanks.
Reply
G_Man LaiptaiCervinskas
shame on you
Reply
Ivan thanks for great analysis, can you throw some light on GbpAud pair? would appreciate that
+1 Reply
IvanLabrie PRO LearningForex
Thanks for the comment.
About GA, sure, it's a great pair to trade.
I've been busy lately but I'll update it today.
Reply
LearningForex IvanLabrie
Thanks..
+1 Reply
IvanLabrie PRO LearningForex
GBPAUD: Update


You took my short signals?
Reply
LearningForex IvanLabrie
No i missed it :(.. i was long but exited the long and went shorted at 2.09 and covered at 2.078. so now looking for a re-entry
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IvanLabrie PRO LearningForex
Ah too bad.
Not a bad short, yours.
Have to wait to go long again. Or to reshort, I'd only trail the active short.
Reply
LearningForex IvanLabrie
okay.. it looks like it would re-trace to 2.09.. thinking to re-enter from there..
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IvanLabrie PRO LearningForex
I don't reccomend it.
My suggestion is to wait for a dollar setup.
I will post one, a big one soon.
Don't risk your profits in a dangerous trade entry.
Reply
LearningForex IvanLabrie
okay.. appreciate your view. I shall wait for your post and another opportunity. Thanks for being prompt :)
Reply
IvanLabrie PRO LearningForex
No prob, I just don't reccomend overtrading or trading because you feel you 'missed out' on a trade.
Forex isn't the best thing to trade, for larger trending moves, there's that too.
You can trade 4h setups and focus on maximizing hit rate and risk/reward instead of seeking large moves.
Reply
LearningForex IvanLabrie
got it
+1 Reply
If you're not in this homerun long, get in now.
Reply
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