LionHeart: Focus & Simplicity

AUDUSD seems to be displaying a similar scenario as the pair shown above....
However, this pair gave what we could assume to be a fairly short lived short entry.
This to be assumed because of the fact that price is approaching demand and slowing down.
A more risky position to take.

EU also gave a short entry...I dont imagine that it will move too far but its interesting to take note to the horizontal line on the screen which price is seemingly respecting as both support and resistance.....Have to keep an eye on this price level and prices reaction around there....

Both au and eu would have stops moved to lock in 1:1...relatively small stops on both of these positions

EU position ended up dropping enough with trailing stop to get knocked out at 1:3 with two additional add-on positions.
First add moved enough for 1:2 and second for 1:1.
So that price level mentioned in earlier post on this pair ended up holding after all as a significant resistance as price came back and tested it twice but just fell.


AU position ended up dropping enough to also lock in a decent profit of 1:3.

NZD USD is at the bottom of the demand zone.
This still needs to be watched to see what kind of reaction occurs.
There was a large volume bearish bar that did not accomplish breaking below the low of the zone and this followed immediately by what appears to be a bar that may close as bullish indicating that there may have been some buying going on in that previous bar and demand trying to kick in.

This is a pair that stochastics were positioned decently for a buy. H4 is kind of high relative to the daily but h4 is hovering around where the weekly stochastic is.
So, overall price may want another push up but with the climactic action from daily, I would expect this to be a very short lived position, even though it is taken on the higher time frame.

Working from the top down:

D1: There is climactic action on the up move as there is a huge candle with higher volume followed by a significantly smaller candle with slightly less volume. This is stopping volume and indicative of a good amount of supply coming in. There is an automatic reaction marked off (bottom most horizontal line) and that is the bottom of our newly formed daily trading range with the top of the range being the up swing immediately after.

H4: This time frame has formed its own range just based off the big bearish engulfing candle. I have marked off the top of the candle to be the level that I would want broken to enter a trade. Top most horizontal line is the top of a previous engulfing candle that appeared on higher volume which also makes it a level to take note off and the level that would be used as a target for this position.


Rules are met for a Lionheart style entry with D1 forming a mini higher low along with h4 following suit. Daily is above the 200 ema which means we are looking for longs on h1 and the h1 forms a higher low with stochastics in basic position, giving the entry up to the target of the top of the previous h4 engulfing candle range.

Another short term long entry good for a target of about 1:1
Vertical line will be entry with break of previous high or close of the candle.
H4 stochastics are okay for the short ride up. It is overbought with daily
heading up and floating near 80% level. H1 is around the same place with m5/m15/m30 starting
pretty low to push the H1 up to meet h4 and take us to our next resistance level (supply zone).

M15 has shown a selling climax with stopping volume.
There is an automatic reaction followed by secondary test that formulates the
consolidation zone/range (bottom two horizontal lines). This entry would basically be
a breakout from the consolidation box to ride it up to the double top (resistance level).
As price nears the level we can see stopping volume again in the form of buying climax folowed
by volume following off (time to get out). This along with stochastics going overbought from m5 up.

Price broke out of range drawn in post above this one.
Signs of climactic action so needed to wait for price to go into its consolidation phase and
map out what it wanted to do albeit it makes a straightforward higher low and keeps going or
goes into some kind of distribution or re-accumulation phase. Price displayed signs of re-accumulation
and a new consolidation zone was formed. Entry when price broke out of the consolidation zone although
there is still resistance from previous small distribution zone created. Later on there is an add on entry where price
retests the newly formed accumulation zone and breaks out of the distribution range created to
be marked up.

Met several times already but could not understand what TR stands for? googled gives no straigth result...