Get started

Nextforextrade

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 lower timeframes generally agree with what we are seeing on the daily chart. However the H4 is currently encountering a lot of support. A more conservative trade would be waiting for that support be broken and then retrace before entering. ====STOPLOSS PLACEMENT==== A conservative level for stoploss would be above the previous lower high on the daily. ====PROFIT TAKING==== Consider taking 1:1 profits before the daily's lowest low in the downtrend. However, scope to take profits into oversold area of linear regression channel.
Short
by NextForexTrade
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 lower timeframes generally agree with what we are seeing on the daily chart. However the H4 is currently encountering a lot of support. A more conservative trade would be waiting for that support be broken and then retrace before entering. ====STOPLOSS PLACEMENT==== A conservative level for stoploss would be above the previous lower high on the daily. ====PROFIT TAKING==== Consider taking 1:1 profits before the daily's lowest low in the downtrend. However, scope to take profits into oversold area of linear regression channel.
Short
by NextForexTrade
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
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
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
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
GBPNZD short based on timeframe correlation and price actionShorting 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 indications that the price could be overbought and therefore move lower ** 4 Hourly** > price structure on the 4 hourly has viable started to make a lower low. This is not yet confirmed though has need a lower high to materialize > the price action the 4 hourly is the only chart which gives me cause for concern to short ** Lower timeframes** > good signs of lower lows and lower highs, with the price moving within the linear regression channel Trade Setup: > entered at 1.8539. If entering, would wait for the price to get near to that region > stoploss above yesterday's high > take profit on 1:1 reward to risk means a level around 1.8304
Short
by NextForexTrade
EURJPY short based on PRICE ACTION and timeframe correlation 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 on 4h and lower timeframes is more favourable in the linear regression channel (it is interacting with upper edge of channel). * Stoploss placement is sensibly placed based on 4hr and lower timeframes (it's above lower highs and outside linear regression channel). Not so great is the stop is still within the linear regression of the daily * Reward to Risk is 1:1 for initial profit taking. However will keep an eye on lower timeframe to see if higher highs start occurring, with the view to potential move position to breakeven.
Short
by NextForexTrade
GBPJPY Timeframe agreement to Short#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 price action * lower timeframes have slightly more sideways price action, but have been creating support and breaking it to create new lows * Stoploss: above yesterday's high * Initial Take Profit: 1:1 reward to risk
Short
by NextForexTrade
AUDCHF short based on timeframe agreement 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 on lower timeframes (1h, 15min), with lower highs and lower lows * Stoploss above resistance area (last Thursday's candle on the daily) * Take profit based on a 1:1 reward to risk
Short
by NextForexTrade