NextForexTrade

03:01

NextForexTrade Updated 

Trend-based trade based on: * yesterday's reversal candle finding resistance at a strong level * the price having moved passed the low of yesterday's candle * the price appearing over-bought on the higher timeframes e.g. interactions with upper linear regression channel * lower timeframes starting to show signs of lower lows and lower highs * stoploss above...

03:43

NextForexTrade Updated 

Trade idea based solely on timeframe agreement and price action. Summary: * daily chart has shown a reversal candle interact which has interacted with a reasonably strong area of resistance * 4hr chart shows same resistance, but with more contact points * 1hr chart has broken previous upward price structure and started to show signs of lower lows and lower...

01:45

NextForexTrade Updated 

Price action on daily gives signs of bearishness: * lower highs * interaction with previous support/resistance * interaction with upper linear regression channel * bearish reversal candle Stop loss above the daily high on the 11th June 0.7494 Initial profit taking of roughly 1.5:1 reward to risk around the mean of the linear regression channel. Confirming...

03:34

NextForexTrade

Shorting based on on using the linear regression channel to establish value for money. The price was overbought on the daily and H4 (i.e. interacting with the upper linear regression channel). The previous two days candle have been toppy and interacted with previous support and resistance areas. This adds weight to the decision to short, as well as a reference...

05:58

NextForexTrade Updated 

Using 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...

05:41

NextForexTrade Updated 

Shorting based on on using the standard deviation channel to establish value for money. The price was overbought (i.e. interacting with the upper standard deviation channel) on Daily, H4, H1. The break of previous support which turned into resistance on the lower timeframes (15min and 5min) gave enough premise to short. Stoploss placement above previous lower...

NextForexTrade Updated 

The AUDJPY appears to offer some good value for money to the short side. The daily and H4 have been posting lower highs and lower lows. It's just above the mean of it's standard deviation channel for the most recent move. Using the lower timeframes to time entry, the price has moved away from recent resistance and move passed previous higher lows. This gives...

NextForexTrade

Using the linear regression on higher and lower timeframes, AUDCAD is showing signs of being overbought. Therefore anticipating at least a regression to the mean which is one of the reasons for shorting. STOPLOSS RATIONALE: Only able to display one chart on tradingview at the moment, but stoploss placement is above the previous lower high (evident on 4H and...

NextForexTrade Updated 

H4 and H1 both have good structure - lower lows and lower highs. Linear Regression channels, those timeframes are show reasonable resistance, as well as reversal candle on the hourly. Lower timeframes (5 and 15min) both showing interaction with the mean of their Linear Regression channels.