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SHORT Trade Based On Price ActionThis is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price was recently overbought, interacting with the upper linear regression channel. ====LOWER TIMEFRAMES==== The lower timeframes agree with what we are seeing on the daily chart, producing lower lows and lower highs. ====STOPLOSS PLACEMENT==== A conservative level for stoploss would be above the previous lower high on the daily. ====PROFIT TAKING==== A 1:1 reward-to-risk appears achievable, although the daily does indicate scope for the price to move beyond that.
Short
by NextForexTrade
CHFJPY SHORT Trade Based On Price Action VIDEOThis is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price was recently overbought, interacting with the upper linear regression channel. ====LOWER TIMEFRAMES==== The lower timeframes agree with what we are seeing on the daily chart, producing lower lows and lower highs. ====STOPLOSS PLACEMENT==== A conservative level for stoploss would be above the previous lower high on the daily. ====PROFIT TAKING==== A 1:1 reward-to-risk appears achievable, although the daily does indicate scope for the price to move beyond that.
Short
by NextForexTrade
AUD/NZD Short Bias IdeaRecently we've seen AUD/NZD gain a nice bull trend from its lows at 1.03549 with a 300+ pip move to the upside. Currently price is testing the 1.06950 zone with a triple top in play. Al-thought on the lower time-frames we've had a nice bullish trend, I'm still playing this trend on the short side based on the weekly trend being under the 200 EMA at this very moment and price is testing the area of the 200 EMA on the weekly. In the coming days / weeks I'll be looking for selling pressure or evidence price wants to come to the downside.
Short
by fxjoe_
SHORT Trade Based On Price ActionThis is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression channel. ====LOWER TIMEFRAMES==== The H4 also shows good signs of bearishness, although there are some clear signs of recent support as discussed in the video. A more conservative trade would be waiting for that support to break and the price to pull back. The H1 and lower timeframes show good signs of bearishness, with lower lows and lower highs. ====STOPLOSS PLACEMENT==== A good level for the stoploss is above the most recent resistance evident on the daily. This clears the previous lower high in the down trend and is also outside the liner regression channel. ====PROFIT TAKING==== Can consider taking initial profits on 1:1. However, if the price breaks the most recent lower low on the daily, there is a lot of scope for the price to potentially move lower. See link below for the video description of this.
Short
by NextForexTrade
2
GBP/NZD Short Bias TradeThis pair has much better market structure than the GPB/AUD in my opinion. If i'm going to take one of them, it's this one... We can see the pair has had a nice rally to the top of the trend line now putting in a new re-test of the descending trendline. I'll be looking for short trades early in the week on this market. What tops this off is NZD is now hitting major support and we could see some strength come back into the NZD which should help push this one down more. On top of that, we're testing the 200 EMA on the weekly chart and last week closed as a nice rejection at this level. Shorts all the way back down to support in my opinion.
Short
by fxjoe_
SHORT Trade Based On Price ActionThis is a trade setup based on timeframe agreement and price action. Looking at the relationship across the timeframes, these are some of the things to take notice of: ====DAILY CHART==== The daily chart shows good evidence of bearishness: there are lower lows and lower high; and the price is overbought, interacting with the upper linear regression channel. ====LOWER TIMEFRAMES==== The H4 also shows good signs of bearishness, although there are some clear signs of recent support as discussed in the video. A more conservative trade would be waiting for that support to break and the price to pull back. The H1 and lower timeframes show good signs of bearishness, with lower lows and lower highs. ====STOPLOSS PLACEMENT==== A good level for the stoploss is above the most recent resistance evident on the daily. This clears the previous lower high in the down trend and is also outside the liner regression channel. ====PROFIT TAKING==== Can consider taking initial profits on 1:1. However, if the price breaks the most recent lower low on the daily, there is a lot of scope for the price to potentially move lower.
Short
by NextForexTrade
Is the Bull Trend Over Thanks to President Trump?Currently respected the bullish harmonic formed Friday thanks to President Trump. GO TWITTER!! In consolidation preparing for the next move. If it can break the weekly 26130, and break resistance at 26438, looking to revisit 26724 or 27061 for the bull TPs. If goes bearish after consolidation, will head down to 25080 monthly SR. Long term tp 24295. On the daily, we're in a bearish range. So this can make a Big Boy move to the downside if this range is confirming the bull trend is over.
FX:US30
by NikaJourney
USD/NOK Long BiasWith price holding its steady uptrend all year I'd still be looking to go long on this pair. At the moment we can see the 4HR had a nice run up on Aug 14 with price going from 8.87136 all the way to 9.03077 where we saw selling pressure come back into the market for a pull back for us to get a possible long position. Pulling the the Fib tool from Aug 14 price at 8.87136 to the top of the pull back at 9.03077 we have a nice zone between the 61.8 and 50 % to go long. Will see how this plays out when the markets open !
Long
by fxjoe_
EURUSD Timeframe Agreement & Price Action For Shorts Trade setup to short based solely on timeframe agreement and price action. DAILY good signs of bearishness and signs that price could be oversold (based on linear regression channel) H4 broken support which was holding up the price HOURLY Started to show lower lows and lower highs. Entry based on seeing reversals off of either the upper linear regression channel or the average of linear regression channel. STOPLOSS PLACEMENT Using the lower highs on the hourly for stoploss placement, as shown in video. TAKE PROFIT 1:1 reward to risk seems probable if the price action pans out as described, although scope for a move beyond that.
Short
by NextForexTrade
NZD/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair NZD/JPY. Let's start with the Top Down Analysis. Monthly: Monthly is in a very strong downtrend. Weekly: In the weekly timeframe we see that the price breaks the lows and close under these. As well the last weeks had 2 big bearish candles which confirm that the trend is bearish. Daily: The daily timeframe is bearish too. H4: The pennant pattern is drawn in the h4 timeframe, and we wait for a breakout. Have a nice day.
Short
by Bullandbeartrading
20
EUR/AUD Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/AUD. Lets start with the Top Down Analysis. Monthly: The monthly timeframe is in a permanent uptrend. Weekly: In the last 3 weeks are 3 big green candles who confirm bullish strength. Daily: First of all we see a nice uptrend on daily. At the end of the trend, where we are now, a consolidation occur. H4: On the H4 timeframe we draw the H4 Support area and the counter trendline. Have a nice day.
Long
by Bullandbeartrading
8