Technical FOREX analyses by IVT US DOLLAR & Major pairs

Lud Trader

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I am a professional trader at Interactiv Trading (IVT). We trade CFDs on the FOREX, indices & commodities market.

We aim to create a community where we teach our members how to trade, and then allow everyone to share their experience. We provide educational webinars & Live Trading sessions and also send trading signals in real time sent through mobile phone application.

Here, I am going to share the technical analyses we provide for our members in addition to the trading signals. We will be looking at the US DOLLAR, the EUR/USD, the GBP/USD, the USD/JPY the USD/CAD, and the AUD/CAD. I will be giving you our predictions on each of these pairs. We will be talking about the major levels of structure, the chart pattern, the wave structure, the key points that we are looking for trading opportunities from, and also how we plan to trade based what the is telling us right now.

A follow up of each analyses is provided in the CHAT area. This market review is scheduled on Twitch each Friday, and every other days on the Interactiv Trading platform. The trading strategy we apply to enter is called the COMBO method, but I am not allowed to share it with you here as patent has been filled by Rodolphe Steffan. You are more than welcome to join us if you want to know more about it.
 

Lud Trader

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USDCAD: prices break below the oblique line – waiting for a pull back

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 [URL deleted] 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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Lud Trader

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[URL deleted] $USDJPY
View H4 - TP3 reached: waiting the end of the retracement

Please, read [URL deleted] 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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Lud Trader

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[URL deleted] $EURUSD
(view H4) Tp2 reached, waiting for TP3

This market snapshot follows [URL deleted] 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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Lud Trader

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GBPUSD - Analysis made on the 4th of December

[URL deleted] $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

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[URL deleted] $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

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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

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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

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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

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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

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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

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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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