Technical FOREX analyses by IVT

Lud Trader

Junior member
39 0
4th of December

USDOLLAR - No real change regarding the strategy. While prices are inside this bearish regression channel, we are still looking for selling opportunities in the area 11,989-12,010. In the case of a bearish price action, we will target the Fibonacci expansion levels and the median line. I will keep you updated if the market gives us the expected price action.
 

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Lud Trader

Junior member
39 0
4th of December

$EURUSD*- We were looking for short opportunities. The Eurusd is currently above a support level this morning but I have no particular recommendation. This is not obvious to buy the pair as long as the price are inside the bearish andrews fork. Below 1.18, I will be looking for selling opportunities. If prices were to break above the andrew’s fork, I will be looking for buying opportunities. Today bias is neutral.
 

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Lud Trader

Junior member
39 0
4th of December

$GBPUSD*If you have followed my last trading plans, you should have a short position on the GBPUSD. As a reminder, The elliott wave invalidation level is 1,3670, and the respective TPs are: 1,34, 1,33, 1,3160 and 1,2920. Prices have reached TP1. GBPUSD is now on a support level. => Protect your position as prices are expected to bounce back.
 

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Lud Trader

Junior member
39 0
4th of December

$USDJPY*If you have followed my recommendation, you should have entered a short position on Friday and reached TP1 (risk reward 1/2). This position was automatically closed out because of the bullish GAP. The trading strategy remains the same. We are still looking for selling opportunities but I have to reconsider the situation to check more precisely if 113,26 -113,41 could be a good resistance to go short. For the time being, nothing to do.
 

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Lud Trader

Junior member
39 0
Technical analysis on the AUD/USD

All my technical analyses on the AUD/USD will be posted here with 1 day of delay. Contact me if you want them in real time.
 

Lud Trader

Junior member
39 0
4th of December

$AUDUSD If you have followed my last recommendation, you should have a long position with TP1 reached. Nothing has changed, hold this position – we are targeting TP2 now. I hope to be able to move the stop to 0,7578 very soon.
 

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Lud Trader

Junior member
39 0
Technical analysis on the USD/CAD

All my technical analyses on the Japanese Yen will be posted here with 1 day of delay. Contact me if you want them in real time.
 

Lud Trader

Junior member
39 0
4th of December

$USDCAD*The pair was approaching the key resistance and possible the upper line of a regression channel where I expected to see a bearish price action. I was not able to propose a short signal on Friday (the resistance was not reached) but I know that some of you succeeded to go short. Very nice, hold your position, target the median line as a logical theorical TP. If the market were to make a new low to validate a double top structure and break below the actual support, I would be able to propose a short opportunity after a retracement phase. For those who are short on this pair, the current support could be a first take profit area.
 

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Lud Trader

Junior member
39 0
5th of December - USDOLLAR

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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Lud Trader

Junior member
39 0
5th of December - EURO DOLLAR

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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Lud Trader

Junior member
39 0
5th of December - POUND DOLLAR

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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Lud Trader

Junior member
39 0
5th of December - USDJPY

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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Lud Trader

Junior member
39 0
5th of December - AUDUSD

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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Lud Trader

Junior member
39 0
5th of December - USDCAD

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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Lud Trader

Junior member
39 0
6th of December - US dollar

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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