Timeframes
Good timeframe correlation on AUDJPY to shortUsing linear regression and resistance to guide this trade, across multiple timeframes there is reasonable indication that the price could be overbought and move lower.
ENTRY
At the time of the video, there was some support appearing on the lowest time frames (5, 15min) but should that get broken a move towards the mean of the linear regression channel is viable.
STOP PLACEMENT
A stop could be placed above yesterday's high (27th May 2019), or a more conservative stop could be placed above the high on 20th May.
PROFIT TAKING
Profit taking could be at the mean of the linear regression channel or at the lower linear regression channel. In both cases, with either of the stoploss placements described above, the reward to risk on the trade exceeds 1:1.
What are your thoughts? Do you agree?
BTCUSD MarkUpThe levels I would watch out for that BTCUSD is approaching is 7397.6 - 8506.7. Due to the bulls showing a lot of momentum I'm confident they can break through. Should it experience a pullback soon, I would be interested to see if price break or respect the 6681.6 level. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
AUDJPY MarkUpThis is my AUDJPY markup that I'll follow 'til 5.10.19. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
BTCUSDThis is an old mark up of BTCUSD. This is very refreshing to see that BTC has been breaking through higher time frame OBs. That's a lot of bull strength.
USDCHF MarkUpThis is my USDCHF markup that I'll follow 'til 5.17.19. Some levels aren't considered "fresh" anymore. However, that doesn't mean that price won't be affected in some way, shape or form. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
AUDUSD MarkUpThis is my AUDUSD markup that I'll follow 'til 5.10.19. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
EURGBP MarkUpThis is my EURGBP markup that I'll follow 'til 5.10.19. This is beautiful. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
EURUSD MarkUpThis is my EURUSD markup that I'll follow 'til 5.10.19. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
AUDJPY MarkUpThis is my AUDJPY markup that I'll follow 'til 5.10.19. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
USDJPY Long-term long opportunityM1:
We have an ascending triangle (Bright green line)
W1:
We are in an uptrend
We had our retracement at Fib 61.80% (Cyan line-lowest level on D1 tf) and are continuing our way upwards
D1:
Uptrend (Again retracement at Fib 50%)
Inverted H&S which we broke through
Price has been consolidating for a while
BUT waiting for the bounce at the 111.711 price level
and for a confirmation candle to confirm my buy signal
TP1 112.913
TP2 114.143
USDJPY short W1:
We are in an impulsive move after the retracement of an uptrend
D1:
We have an inverted H&S at a psychological level (112.00)
which is also a strong Sup/Rez zone
H4:
We can clearly see a couple of Shooting stars/Hanging man candlesticks
which mean that price is retesting the zone but never closing above it
So my view is that price will go down till Fib 61.80% level
which is also a previous support zone
plus keeping in mind that it is a confluent zone between: (a lot of confluence)
-Fib 61.80%
-D1 trendline
-W1 trendline
-previously tested support zone
EURCAD MarkUpThis is my EURCAD markup that I'll follow 'til 4.12.19. Some levels aren't considered "fresh" anymore. However, that doesn't mean that price won't be affected in some way, shape or form. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
NZDCAD MarkUpThis is my NZDCAD markup that I'll follow 'til 4.12.19. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
EURGBP MarkUpThis is my EURGBP markup that I'll follow 'til 4.12.19. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
EURJPY MarkUpThis is my EURJPY markup that I'll follow 'til 4.12.19. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
AUDJPY MarkUpThis is my AUDJPY markup that I'll follow 'til 4.12.19. For the beginning of the trading week I'm more bearish than bullish. However, there look to be an opportunity presenting itself in the near future. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
USDTRY MarkUpThis is my USDTRY markup that I'll follow 'til 4.05.19. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
USDZAR MarkUpThis is my USDZAR markup that I'll follow 'til 4.05.19. Some levels aren't considered "fresh" anymore. However, that doesn't mean that price won't be affected in some way, shape or form. Levels are color coded so there's no confusion since I utilize multiple time frames. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
XAUUSD MarkUpThis is my XAUUSD markup that I'll follow 'til 4.05.19. I react to levels, so I patiently wait to see certain things take place in the market. *DISCLAIMER* THESE ARE JUST MY HUMBLE OPINIONS, NOT TRADING ADVICE.
