LawrenceDyer

LawrenceDyer

XAU 1M - Flat correction/XX Top 80 Fib pin point rejection 1W - Descending RSI Channel 3rd pump Bearish Divergence Some exchanges show a gravestone doji 1D - Major Rejection off Supply Zone Reversal Signals from Algo 3rd pump Bearish RSI Divergence Play Enter at 1698.40, SL tight above Daily micro previous at 1718.50 Targets TP 1 convergence of Weekly...

LawrenceDyer

GBP/USD looks to have finished motive wave up. Looks for correction, current idea is to collect around 500pips on Zigzag correction C wave down. Wave A seems to have a 5 wave structure, potential wave B seems long but still plausible, waving for heavy rejection and RSI/MACD divergence. Entry 50% retracement. SL above 61.8 and resistance zone. TP just before 100...

LawrenceDyer

XAG with so many areas of confluence just below the current bump in price action I find it hard to believe that the powers that be are allowing this trade to run right now. Areas for consideration; *Daily 200MA *61.8 Fib retracement support *Final wave down for wave C Lots of upside potential, patience is a virtue, look for a bounce in the aforementioned areas...

LawrenceDyer

Ascending Monthly Trend for NZD/USD respected for the 3rd time since 2001. *Triple Bottom (Monthly), on monthly trend 3 touches *Double Bottom (Weekly), on monthly trend 2 touches *Inverse H&S (Daily), on monthly trend 1 touch Price action on trend seems to like a pattern of patterns which touch 3 times then 2 times and 1 time. Next test most likely wont survive...

LawrenceDyer

Apologise for the messy chart but there does seem to be a lot going on here which quite excites me, lets dive in. Macro ABC corrective structure seems to have completed after a rather strong and solid 12345 motive wave. * New motive structure in the making looks to have completed wave 1 and soon looks to complete wave 2 as a micro corrective structure soon to...

LawrenceDyer

XAU/USD - 1M, 1W, 1D, 4H, all showing previous confluence for downside movements now they appear to be in agreeance once again halting the downside and resuming the beloved uptrend. Final phase for downtrend in operation could turn at any point. 4H - RSI X-Oversold 1D - RSI still has waves to move to the downside to take us to the highlighted area + completing...

LawrenceDyer

After a decent run thanks to dollar weakness AUD saw some spring. However a decent resistance cluster is looming. Daily 200 MA 38.2 key Fibonacci level Resistance trend AUDUSD is at a key point (highlighted) regarding its long term trend, a strong break above the current downward trend and retest can negate such an idea until them its probable we will see a...

LawrenceDyer Updated 

With BoJo's deal out the window (atm) and still claiming not to negotiate an extension more uncertainty creeps into the market and for us currency traders that's means juicy volatility . With some EU member states claiming not to want to extend the divorce and some claiming it was necessary, we can all only watch as see what happens and aim to profit off the zoo...

LawrenceDyer

EUR/USD looks ready to fly. Bullish on most TFs descending wedge pattern ready to give in however some more movement to the downside can be expected. One theory is for EUR to close the gap between 1.0839 & 1.0770, for a full reversal and test the key fibo levels as EUR does like her Fibonacci. 1D - RSI horizontal and descending trendline broken with hoz...

LawrenceDyer

GBP/AUD may have had its fun in its little run but too many warning signs are rearing their head to ignore. 1M - Bearish flag pattern 1W - RSI bearish divergence & descending triangle 1D - Oct 2016 series of HHs have come to an end + hit top of linear regression channel Spearman Coefficient has taken a sharp downturn 4H - Strong rejection off range within...

LawrenceDyer

Small increase to 61.8 retracement of wave A. C wave short play down to 100/161.8 extension of wave A, mid 6000s likely with sub 6000s possible. Possible long placing around wave 4 touch point/100/161.8 extension for a big move upwards. Risk management difficult on how low it could possibly go (THIS ... IS ... CRYPTO!!), ATR on 1W is 800+ and 1D is 495, unlikely...

LawrenceDyer

We can clearly see our 5 waves motive wave up which has been long awaited and warmly welcomed. We will now enter into the corrective phase of Elliot Wave theory in the form of a Zigzag correction which will be harsh on some and an opportunity for others. The final corrective wave looks to come to an end in one of three indicated areas; 1) The green box indicative...