NextForexTrade

NextForexTrade

This 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...

04:12

NextForexTrade

This 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...

NextForexTrade

This 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...

03:09

NextForexTrade

This 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...

NextForexTrade Updated 

This 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....

04:28

NextForexTrade

This 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...

05:39

NextForexTrade Updated 

A tasty trade setup based solely on timeframe agreement and price action. Daily showing signs of bearishness and reasonable signs of reversal. H4 and lower timeframe give good timeframe agreement to short. Stoploss above Friday's candle give a decent sized position to allow for a 1:1 reward to risk or beyond. Sorry about the mic pops in the video!

07:39

NextForexTrade Updated 

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...

04:26

NextForexTrade

Daily and H4 showing clear signs of bearishness Price action on hourly and lower timeframes also bearish, BUT finding support. Aggressive entry would be shorting at market (at time for recording) with a stoploss that at the most clears the lower high on the H4. Conservative entry is waiting for support to break which is clearest on the lower timeframes (h1,...

06:50

NextForexTrade

Trade based on timeframe agreement and price action. Daily shows ok signs of bearishness and signs of being overbought Should the key level of support identified in the video get broken (and pull back), this gives a good basis to short.

05:15

NextForexTrade Updated 

Good signs of being overbought on the daily and reference point for stoploss above yesterday's high. However lower timeframes still need to show more definitive signs of bearishness to consider short. The price breaking support on the lower timeframes, pulling back and then finding resistance make be a conservative approach to trading this.

05:26

NextForexTrade

Summary: Good signs of being overbought on the higher timeframes. However, need to see more definitive bearishness on the lower timeframes like the H1 and 15min. Should that happen, this allows for an entry with an achievable 1:1 reward to risk (or greater). That assumes a stoploss above the high of the daily candle on 6th August

04:19

NextForexTrade Updated 

Shorting based on timeframe agreement and price action **DAILY** > lower lows and lower highs > yesterday's candle is an assumed lower high giving a good reference point for a stoploss above that level > Yesterday's candle interacted with previous zonal support and resistance, as well as the upper edge of a the linear regression channel. These are good...

04:45

NextForexTrade Updated 

This is a short based on timeframe correlation and price action analysis. * DAILY CHART* - signs of lower lows and lower highs. - The high of the previous day's candle also interacted with a strong area of previous resistance. - That level as interacts with the upper edge of the linear regression channel. - These are signs of the price potentially being...

03:55

NextForexTrade Updated 

Shorting EURJPY. Setup based on price action and timeframe correlation. * Daily showing signs of bearishness, with signs of lower highs and previous days interacting with zonal resistance * Linear Regression Channel on the daily is ok but not great. Price is currently near the average on the linear regression channel and in the upper half. * Recent price action...

08:29

NextForexTrade Updated 

Short trade based on timeframe agreement: * A strong resistance zone evident on the daily on H4, giving a good reference point for stop loss * Price overbought on the daily based on linear regression channel * Signs of bearish price action on higher and lower timeframes (i.e. lower lows and lower highs) * Stoploss above daily high on 22nd July. A more...

03:30

NextForexTrade Updated 

#GBPJPY Short based on price action and timeframe agreement: * Daily - yesterday's candle was "toppy" and found resistance at a previous support level * Daily - assumption is yesterday's candle is a lower high in the price action. This gives context to place a stoploss above that * 4 hourly chart shows clear signs of bearishness with lower lows and lower highs in...

05:07

NextForexTrade Updated 

Short trade based on timeframe agreement: * A strong resistance zone evident on the daily on H4, giving a good reference point for stop loss * Price overbought on the daily based on linear regression channel * Slightly worried about the price action on the 4hourly chart as it hasn't yet broken structure to show signs of a downtrend * However, signs of bearishness...