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.
$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 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.
$USDJPY - View H4 - TP3 reached: waiting the end of the retracement 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.
$EURUSD (view H4) Tp2 reached, waiting for TP3 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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