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; Prices fail to break below the support level at 1.34 and prices are facing a buying setup (combo) in the ...

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Old Dec 7, 2017, 10:01am   #33
Joined Nov 2017
6th of December - GBPUSD

Lud Trader started this thread Prices fail to break below the support level at 1.34 and prices are facing a buying setup (combo) in the 4-hour time frame. There is a risk for our short trades in progress. TP1 was reached but it is advisable to lighten up this position again.
If prices were to close below the support level at 1.34, then we will be looking for extra short opportunities.
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Old Dec 7, 2017, 10:02am   #34
Joined Nov 2017
6th of December - USDJPY

Lud Trader started this thread Prices may have made a new high on the level at 113. However, it was difficult to send a trading signal for a short opportunity as the Fibonacci cluster, with the 61.8% Fibonacci retracement level and the 100% Fibonacci expansion level, was a little but higher (113.4). The regression channel was uncertain and the resistance zone was very large.
Today’s trading plan is to trade with the berish trend thanks to combo in the 15-min time frame. If prices were to break below this retracement channel, then I will be looking for a short opportunity if a pullback occurred in the 1-hour or 4-hour time frame. But first, we need to make sure that this move is impulsive.
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Old Dec 7, 2017, 10:03am   #35
Joined Nov 2017
6th of December - AUDUSD

Lud Trader started this thread Our position was automatically closed Break Even. No regret as TP1 and TP2 was reached. This trade was really profitable.
As a reminder, we were trading a retracement close to a low point on the channel. Prices fell to break above the resistance level at 0.762. Prices are now contained in a downward regression channel. It is not advisable to go long on the AUDUSD while prices are inside this bearish channel and below the resistance level at 0.762. If prices were to break above those resistances levels, it will make the most sense to go long after a pull back. The next selling opportunity will be given at the end of the potential following retracement phase, ideally with an entry point close to the neckline level.
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Old Dec 7, 2017, 10:04am   #36
Joined Nov 2017
6th of December - USDCAD

Lud Trader started this thread THE USD CAD bounced off the lower line of the Andrews’s Pitchfork drawn on the graphic. Prices seems to have initiated a correction phase that might bring the price up to 1.2734. Experienced traders could attempt to take some long positions in lower time frame, with no leverage and potential combo in the 30-min time frame.
The main trading plan remains to look for selling opportunity at the end of the retracement phase, once prices reached the median line of the Andrews’ channel.
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Old Dec 8, 2017, 9:44am   #37
Joined Nov 2017
7th of December - USDOLLAR

Lud Trader started this thread Prices broke below its medium-term resistance level and the upper line of the channel on the 4-hour time frame. The bullish potential remains however limited as the resistance zones extends between 11,980 and 12,010. For the moment, it not safe to trade against this trend and we need to wait for a clear price action. To sum up I am bearish on the EURUSD and GBPUSD, cautious on the USDCAD and USDJPY.
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Old Dec 8, 2017, 9:46am   #38
Joined Nov 2017
7th of December - EURUSD

Lud Trader started this thread Prices broke below its medium-term resistance level and the upper line of the channel on the 4-hour time frame. The bullish potential remains however limited as the resistance zones extends between 11,980 and 12,010. For the moment, it not safe to trade against this trend and we need to wait for a clear price action. To sum up I am bearish on the EURUSD and GBPUSD, cautious on the USDCAD and USDJPY.
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Old Dec 8, 2017, 9:47am   #39
Joined Nov 2017
7th of December - GBPUSD

Lud Trader started this thread The bearish move is not an impulsive one. While prices are below 1.3460, I am looking for selling opportunities.
It must be emphasised that the SMA(50) in the 4-hour time frame is reversing, so it could soon gives us a nice short combo setup. Prices have to now initiate an impulsive move to confirm that the previous swing high is still valid.
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Old Dec 8, 2017, 9:48am   #40
Joined Nov 2017
7th of December - USDJPY

Lud Trader started this thread The Technical analyses is a bit complicated on this asset. The strong Fibonacci cluster is below at 113.43, it is on this threshold that I am looking for a selling opportunity. In this case, the upper Bollinger Band will be actin as a resistance level.

Prices are currently below the SMA(50) and the 50%retracement level. They act as a resistance zone, but no bearish impulse is initiated. A bullish combo has been activated and TP1 has been reached. In other words, no more selling opportunities on the USDJPY while prices are above the SMA(50) in the 4-hour time frame. If prices were to break below it, then we will be looking for selling opportunities with a pull back as an entry reason in the following trading sessions.
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