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AUD sort of holds 0.7, but I lose most

I was stopped out in Aud/Usd and Nzd/Usd longs today
I guess I bought just a bit too high, and i lost most of my money
I was down to around 10K at some point, and have about 20K now
Time for the comeback of the century, I suppose :-)
I am long Aud/Usd and Nzd/Usd small positions now, to be able to bridge the weekend leverage
I hope to find my form again next week
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NZD/USD puts in a double bottom

Nzd/Usd has put in a double bottom on the weekly chart, and looks very bullish
The pair looks to have recovered quickly from lows around 0.72, and is moving up fast
On the weekly chart we see the double bottom, the stochastic indicator pointing up sharply
and the price has already broken previous highs as I type this
Nzd/Usd weekly chart
On the daily chart I have set out the fibonacci expansion levels of the double bottom,
the 100% fibonacci expansion level lies just above previous daily highs a…
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AdamFx42 28 Mar

The pair has bounced back from the 100% fibonacci expansion for now,
as I predicted and drew on my daily chart
I expect 61.8% level to act as support for the next move up now

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Support area has held the move down almost exactly as I drew out on my daily chart
and pair is back up challenging 100% fib expansion again,
the strong move up now should lead to a break of the level

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Exactly as I predicted is the price action now -- i hope it ends up well

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AdamFx42 19 Kwi

The pair has broken above the 100% fibonacci expansion level now
It should be clear towards my target on the daily chart now

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AdamFx42 29 Kwi

Move above 0.77 now, 100 pips to go

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NZD/USD turning bullish after recent weekly low

Nzd/Usd is turning bullish as several indicators and the price action suggests
On the monthly chart we find that there is sideways action in the pair,
and it seems that the price is bottoming out near the lower border of the monthly sideways channel
Stochastic seems to be turning up here, while RSI-14 remains below 50
Nzd/Usd monthly chart
The weekly chart provides some very interesting facts:
both the RSI-14, as well as the stochastic indicator show bullish divergence
while price action does no…
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AdamFx42 16 Sty

After a bit more bearish sentiment, pair is finally holding above 0,78
Need another bullish move towards o.79 to confirm turnaround in sentiment,
and acknowledge my prediction

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NZD/USD performing a round trip

Nzd/Usd is looking bearish at the moment, but strong support is holding it up
On the weekly chart we see a double bottom in place, this is a natural support for the pair
The weekly RSI-14 is low at the moment, which makes me believe this area may be retested,
or the price will at least move towards it again
Nzd/Usd weekly chart
To try and get a clearer picture of where the price action may bring us, I will use the daily chart
Here I have drawn the Fibonacci expansion level of the latest move,
an…
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Bounce from 0.7750 area as predicted - the 61.8% fibonacci expansion has held the move down,
the second shoulder of the predicted H&S pattern should be in place now,
a move up should follow from here

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AdamFx42 10 Gru

The pair saw a lot of action today after the RNZB interest rate decision
The hawkish comments sent the pair higher and it is near my target now,
so it is performing a round trip as the headline of my post suggests
The pair did retrace deeper than I expected to the downside, so the inverted head and shoulders
has not formed

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AdamFx42 16 Gru

Pair is holding just below 0.78 now - which seems to be acting as resistance

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AdamFx42 29 Gru

Nothing changed - pair still holding below 0.78

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AdamFx42 30 Gru

Break above 0.78 now - if it holds then I should be close

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A double bottom for NZD/USD as support

Nzd/Usd shows me a double bottom on the weekly chart;
this indicates to me that a move up should follow
On the weekly chart we can see the double bottom in place
which is followed by a huge bounce from the low level,
this indicates that the price will move away some more from the lows
Nzd/Usd weekly chart
On the daily chart the last move up provides us with fibonacci retracement and expansion levels
the fibonacci retracement level of 61.8% should act as support and lies just above 0.78,
the fibo…
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AdamFx42 19 Paź

Resistance has been tested just below 0.8 already, and a move down towards support is on its way

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AdamFx42 30 Paź

price is moving along sideways above support area as I predicted

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A lower low has been put in - making the weekly double bottom a slightly different pattern
but the first low has held the price above this latest low, and move up is still very possible

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AdamFx42 10 Lis

Low in at around 0.765 now - price back up to 0.78 at this time - looking ready for a higher move up
Bullish sentiment on the pair now - ready to challenge 0.8 again and reach my target

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AdamFx42 15 Lis

Price is moving up towards 0.80 now and 0.79 broken to the upside,
if it moves sideways around this area - above 0.79, my prediction will be perfect

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Weekly trendline holding in NZD/USD

Nzd/Usd is currently challenging a long-term weekly trendline up,
the signs are there that a low is in place for now - and retracement up
will lead to rejection of breaking out of the weekly trend and a continuation upward for this pair
On the weekly chart we see that the trendline holds for now,
and if a low - last week - is indeed in place,
then the fibonacci expansion of 61.8% of the last weekly move is obtainable:
Nzd/Usd weekly chart
On the daily chart we see the challenge of the weekly tre…
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AdamFx42 29 Sie

weekly trendline has held the downside

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Heading down after reversal signs loom

I believe Nzd will weaken the coming month due to Usd demand,
Nzd/Jpy is due for a heavy retracement, and Nzd/Usd should follow down
On the daily chart you can just about see the weekly trendline bottom right of the chart,
it coincides with 61.8% Fibonacci retracement of latest move up on daily chart
and in my mind is a logical target for a move down:
Nzd/Usd may not reach this target on May the 1st,
so I have set my price prediction just below the 50% Fibonacci retracement level
Lets take a clo…
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AdamFx42 24 Mar

Pair is reversing from highs just now - I have a bearish engulfing candle on the 15min chart

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AdamFx42 17 Kwi

There seems to be a downward breakout starting now, but target is still a far way

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AdamFx42 10 Maj

Strong bearish pattern appearing, like daily bearish engulfing candle pattern and continuation down

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Perfect Head and Shoulders formed in NZD/USD

A near-perfect Head and Shoulders pattern has been formed in NZD/USD; is this a signal for a reversal in morethan one pair?
NZD has been a very strong performer lately, and the only thing likely to bring it down is fundamentals,
and specifically US tapering in December - we will find out if this happens..
On the first daily chart we see the classic H&S setup, we can clearly see the Shoulders and the Head,
and the neckline is drawn horizontally across the lowest support points within the pattern
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AdamFx42 11 Lis

The edit- button does not seem to be working, when I click on it I am directed to the community page?

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AdamFx42 11 Lis

Anyway, what I wanted to edit was: I don't think the target of this pattern will be reached on Jan 2, but the 100% Fibonacci support around 80.8 will not likely hold, and will be broken to around 80 - hence my target of 79.99

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AdamFx42 15 Gru

The pair has rejected the neckline for now - will need some bad news about US tapering to send it lower

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AdamFx42 18 Gru

Approaching the neckline again - I do hope it breaks forgood now

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AdamFx42 29 Gru

Neckline challenge again - it will have to be a very forceful breakout now

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