Recent content by Lud Trader

GBPJPY : A swing short opportunity to come - 08/03/2018 In the monthly time frame, the EUR/USD seems to have completed a wave 2 (green). This statement means that prices are expected to build a bearish impulsive move (wave 3 green). In the weekly timeframe, prices seem to have built the...

EURUSD - 12th of December Prices retraced up to 38.2% of the previous bearish move as foreseen. It seems that this correction phase is not finished yet. The wave 1 of this correction phase is made up of 5 sub-waves so we are expected a new bullish impulse in 5 sub-waves. If prices were to go up...

US DOLLAR - 12th of December In the 4-hour time frame, prices are below a resistance level. This detailed graphic is a bit dense, but if you look carefully you will see that the Fibonacci expansion and retracement levels show a strong resistance cluster. If prices were to break below...

11th of December - EUR USD - bullish bias before a reverse Last Friday the NFP data came out greater than expected (228K people employed). Congress voted Thursday to pass a bill that would extend government funding by two weeks. In this way, a partial US government shutdown was avoided on...

7th of December - USDCAD A breakout to the downside of the range have initiated a strong bullish move. This new situation might give a nice opportunity to short the USDCAD in the upper part of the range. We need to wait for a bearish price action before to enter the market. No selling...

7th of December - AUDUSD Prices made one more push lower to test the low of the Andrews’ channel. Sellers’ pressure remains present and the current support might not hold the price enough to initiate a bullish trend move. If prices were to retrace, then it would make the most sense to wait for...

7th of December - USDJPY 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...

7th of December - GBPUSD 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...

7th of December - EURUSD 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...

7th of December - USDOLLAR 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...

6th of December - USDCAD 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...

6th of December - AUDUSD 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...

6th of December - USDJPY 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)...

6th of December - GBPUSD 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...

6th of December - EURUSD 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...