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; Hello, On the Monthly view, it seems that the AUD/JPY is below a medium-term resistance level >> short opportunity ?? ...

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Old Nov 7, 2017, 3:58am   #1
Joined Nov 2017
Technical FOREX analyses by IVT

Hello,

On the Monthly view, it seems that the AUD/JPY is below a medium-term resistance level >> short opportunity ??


The AUD/JPY is currently below a major resistance area that might give us a nice opportunity for a short position.
This resistance area also corresponds to
• The upper line of an Andrews’ Pitchfork, that models a bearish regression channel.
• A Fibonacci cluster; the 50% & 61.8% Fibonacci levels of the previous bearish impulse
Here are the three Main Target Profits according to the Fibonacci expansion levels: 83.12 ; 78.68 ; 71.50.

What do you think about that?
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Old Nov 16, 2017, 10:44am   #2
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Technical FOREX analyses by IVT

Lud Trader started this thread The Double Top Formation has been validated. According to the DOW theory, we are in a downtrend. So now, we will be looking for short trade after the end of the retracement phase. The best will be if the market retrace up to 50%-61.8% of the Fibonacci Retracement levels.

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Old Nov 16, 2017, 10:48am   #3
Joined Nov 2017
GBP/USD a short opportunity to come

Lud Trader started this thread Monthly : On the monthly chart. The GBP/USD is below a major resistance level. From the previous bearish move, the market has retraced up to 38.2%, so we expect a move to the downside.

DAILY : The big wick on both side of Yesterday’s candlestick is characteristic of a DOJI pattern. This means that the market shows some rejection around this resistance level at 1.3209. It might be time to look for a short Opportunity.

H4: Price are inside a downtrend. THE GBP USD has just completed a wave 1 and 2, and now it seems that the market has built a sub-wave 2. However, the SMA(50) is bearish so if you short the Pound Dollar it makes the most sense to target intermediate TP, and to protect your position before prices reach the SMA(50).

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Old Nov 16, 2017, 10:53am   #4
Joined Nov 2017
USD/CAD waiting for a buying opportunity

Lud Trader started this thread Monthly : The USD/CAD has bounced off long-term oblique trend. Then, we got a high momentum candlestick and we are expecting the market to reach 1.3014.

Daily : the market has bounced off this oblique trend line, and we are still looking for buying oppportunity

H4 : We finally broke above the downward channel, the safest trading plan is to wait that the market break above the resistance line and then pull back

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Old Nov 16, 2017, 11:42am   #5
Joined Apr 2014
Watch 1.28009 for sell 1.28338 stop, 1.2693 target
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Old Nov 20, 2017, 4:34am   #6
Joined Apr 2014
Gbp/Usd continue ranging between 1.302 and 1.325 with limited upward strength. The market continue to focus on Brexit.
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Old Nov 23, 2017, 4:09am   #7
Joined Nov 2017
EUR/USD in an uptrend

Lud Trader started this thread On the EUR/USD, you may know that 2 scenarios are possible. For the moment there is a fight between the bulls and the bears to take control of the market. From one side, you could see a Head & Shoulders Pattern that suggest that prices might get down, or you could also see a bullish flag, and in this case prices are expected to get higher. Elliot waves analyses cannot really help us for the moment either.

We need to remain factual, and for the moment the trend remains bullish in the 4-hour time frame.
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Old Nov 23, 2017, 8:33am   #8
Joined Nov 2017
$USDCAD: prices break below the oblique line – waiting for a pull back

Lud Trader started this thread Yesterday, we talked about the risk of a break out to the downside. The overlapping was on the first clue for a correction phase. It corresponds to an area where buyers were likely to take some profit off the table. For more information, please read our previous article.

Prices break below the oblique line, but before to go short on the USD/CAD is it safer to wait for a pull back. It is advisable now to wait that the market retrace up to 38.2%, 50% or 61.8% of the previous bearish move. If one of those levels corresponds either with an IVT combo, a structure level or an oblique line, we might have a great opportunity to trade the bearish move on the USD/CAD. I will closely watch this currency pair.
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Old Nov 23, 2017, 8:34am   #9
Joined Nov 2017
$USDJPY View H4 - TP3 reached: waiting the end of the retracement

Lud Trader started this thread Please, read our previous article to better understand the context on the USD/JPY.

Prices have reached TP3, and the level at 111.24, which suggest that the wave 3 is potentially finished, even if prices can a little lower

All selling opportunities worked out perfectly and there were always paired with an IVT COMBO either on the same time frame (H4) or in a lower time frame (H1 and H2).

The regression channel was adjusted on the latest low (last know information). The target is to look for the next potential selling opportunities. The next level of resistance is 111.93 that is also the peak of the Elliot channel (claret- red full line) and the median line of the regression channel (red dotted line).

It could be then a great opportunity to short the USD/JPY and look for the finale bearish move, known as the wave 5.

It remains to see if the market is going to follow our trajectory, no one know where the market is going to go, but if the market reach our shorting area, you know what to do!

In this case, to enter the market it is safer to look a bearish combo setup in the same time frame or in lower time frame and then we will give you the Target Profit according to our predictions.
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Old Nov 23, 2017, 8:36am   #10
Joined Nov 2017
$EURUSD (view H4) Tp2 reached, waiting for TP3

Lud Trader started this thread This market snapshot follows the one published yesterday.

Two trading strategies are possible with the upcoming FMOC.

Either you built a trading strategy in advance in the hope to see prices get away from your stop loss
Or you can wait that the FOMC induce a move in the direction that you are waiting to either go long or short on the mark.et
We got lucky that the volatility was enough high yesterday to drive away prices from our stop loss before the FOMC. All we had to do was to hope that the FOMC will not induce a reverse signal on the EUR/USD.

Our TP2 was reached during the night, and all you have to do is to wait that prices reach our TP3 that is set just below the theorical peak of the Head & Shoulders Pattern. It makes the most sense to take your profit off the table before this threshold. You can also let your winning position runs with a trailing stop as the bull fag pattern can also be activated.
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Old Nov 24, 2017, 6:05am   #11
Joined Apr 2016
There are certain hours to avoid day trading the USD/JPY, but there is also a window of time which is ideal.
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Old Nov 25, 2017, 1:59pm   #12
Joined Sep 2013
Quote:
Originally Posted by Lud Trader View Post
The Double Top Formation has been validated. According to the DOW theory, we are in a downtrend. So now, we will be looking for short trade after the end of the retracement phase. The best will be if the market retrace up to 50%-61.8% of the Fibonacci Retracement levels.

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Won't work market is extremely unpredictable before tax reforms it all depends on news now and you can't expect anything from technical analysis to be realized.
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Old Nov 27, 2017, 8:09am   #13
Joined Apr 2014
Gbp/Usd seems has lost it upside momentum, hovering around 1.33 level, break above 1.3360 would send the pair back to its bullish trend.
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Old Nov 27, 2017, 8:33am   #14
Joined Apr 2014
I will check it out your theory.
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Old Dec 4, 2017, 5:55am   #15
Joined Jul 2016
I prefer to trade with the EUR/USD as it is the most traded pair and hence I like to trade with it.
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