Technical FOREX analyses by IVT

This is a discussion on Technical FOREX analyses by IVT within the Daily Analysis forums, part of the Commercial category; A bearish move has been initiated lower than expected on the USDOLLAR. Usually prices reach at least 38.2% before that ...

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Old Dec 6, 2017, 10:10am   #25
Joined Nov 2017
5th of December - USDOLLAR

Lud Trader started this thread A bearish move has been initiated lower than expected on the USDOLLAR. Usually prices reach at least 38.2% before that the main trend resumes. Prices are currently in the middle of the regression channel. The bias is bearish even though for the moment there is really no potential for a trading opportunity based on our strategy and technics. The support level at 11,925 is really too close from a potential entry point. If prices were to reach 11,989, then I will be looking for a short opportunity. I will keep you updated all day long on the chat today.
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Old Dec 6, 2017, 10:13am   #26
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5th of December - EURO DOLLAR

Lud Trader started this thread The EURUSD is building a triangle pattern in the 4-hour time frame. A triangle is a price pattern where the price moves within a narrowing price area. This triangle pattern shows indecision. The upper line of the Andrews’ Pitchfork in the daily time frame and the upward regression channel in the 4-hour time frame. The momentum is decreasing and might reverse. If prices were to break below 1.18, we will be looking for a short trade to target the following TPs : 1.1760 and 1.1632. In the 4-hour time frame the Risk Reward Ratio is not good enough, so it is advisable to enter this market in a smaller time frame, such as the 1-hour time frame. While there is no breakout, the bias is neutral.
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Old Dec 6, 2017, 10:14am   #27
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5th of December - POUND DOLLAR

Lud Trader started this thread Friday’s trading plan worked out perfectly well as we sold the Pound Dollar on the level at 1.3540. The market reached TP1. Yesterday, the market reached a short-term support level, so we were able to suggest a long trade with a combo setup. It could seem contradictory, but it is not as in trading all that matters are the setups and the money management. Both trades can be profitable as the stop loss and TP levels are not overlapping. We traded the Buying COMBO setup in the 2-hour time frame, and the market have reached TP1, so our position was protected, and we also closed 50% of the initial position. Now, we keep the same trading plan, we need to break below the 1.34 to reinforce our hypothesis that a swing high has indeed been validated. The stop loss can be lowered to 1.3545.
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Old Dec 6, 2017, 10:16am   #28
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5th of December - USDJPY

Lud Trader started this thread For the moment, is it difficult to confirm is the retracement phase is over, and so if the bearish trend, initiated at 114.7, will resume at any moment. It is advisable to wait that prices reach the levels around 113.26 – 113.41 to look for a short opportunity. It is advisable to trade the bearish COMBO setups in the 15-min time frame, as it will allow you to protect quickly your position.
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Old Dec 6, 2017, 10:17am   #29
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5th of December - AUDUSD

Lud Trader started this thread We were expected the AUDUSD to make a new high, and it did occur this night. TP2 is now really close to be reached, please hold the position. It is advisable to lighten up your position on the current levels at 0.7640-0.7660. The stop loss can be set at 0.7595. TP3 remains the same at 0.7733.
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Old Dec 6, 2017, 10:19am   #30
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5th of December - USDCAD

Lud Trader started this thread The USDCAD show an impulse in 5 sub-waves. We expect a retracement phase in 3 sub waves according to Elliott Waves theory. The trading strategy is to wait the end of the retracement phase to find a selling opportunity. In the following days, I will provide you the logical levels for the stop loss and the respective TPs.
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Old Dec 7, 2017, 9:58am   #31
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6th of December - US dollar

Lud Trader started this thread The USDOLLAR is currently in the upper part of the regression channel and below the resistance level at 11,980. This level corresponds to the retracement level at 38.2%.
The only trading plan is to short the USDOLLAR. It is advisable to take some profit on the short position on the GBPUSD. As a reminder, we are still looking for a selling opportunity on the USD/JPY while the EURUSD is on a support level, so no short possible for the immediate future.
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Old Dec 7, 2017, 10:00am   #32
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6th of December - EURUSD

Lud Trader started this thread No Change for the EURUSD. There is a lack of volatility on this pair. The bearish combo given yesterday in the 1- hour time frame on the chat has reached TP1, but our position was closed to BE. Prices are currently around the support level at 1.18. The only selling opportunity will be to wait a break below the support level at 1.18, and then to wait for a pull back to give us an easy entry point.
I will be looking for a buying opportunity if prices were to break above the Andrews’s Pitchfork.
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