Technical analysis of Forex time frames with trend lines

If you are not familiar with multi-time frame analysis, it is a technical analysis where we go through each time frame and find each major support and major resistance level we mark it and in conjunction with Fibonacci with the trend lines with the market structure, we formulate an analysis of where we think the price might be headed. To him, and this is what we’re going to do today, I don’t think I need to be everything.

Technical analysis of Forex time frames with trend lines

Everything between A and B you see a and b a b Everything between A and B is an entry-level, everything outside of lamb is a take profit level and it’s color-coded because theoretically that’s where you have a pullback, so the last pullback on this will be considered at what’s known as 86 86 So in theory, your take profit if this is moving to the upside your take profit would be at the green level.

I can’t believe it’s June already Can I say this year has gone by so fast We only have six more months left Can you believe it Well technically but you get it This month has gone by so fast What I want to do today is I want to take a look at you as a cap, we’re going to do a multi-timeframe analysis.

Forex trading is registered with the National Futures Association

Okay, but I’m going to mark that anyway, so my name is Casey Jackson for those of you who are new to Forex trading, I’m a registered commodities trading advisor with the National Futures Association, I’ve been working in this trading thing for the past several years.

What I’ve found to be most successful for me and my lifestyle is this type of analysis, so if you’re busy and have a lot of things going on, I highly recommend spending a few minutes with me to see if this approach might make sense for you, and if you think it’s something you could learn Well, I’ve done my monthly now.

And I’ll go to the weekly and find those key levels of support and resistance and so you might be like Casey, how do I know that level is important how do I know that level is key, and that’s where your technique comes in so you can determine what’s swing high what’s swing low and if you’re not Know what it is, I highly recommend that you go visit the most mini-course and then come back to this article.

Compared to the automated Forex system and time frame

It’ll probably make more sense to you as we move forward so what I do now is identify what I think are those key levels and then I’ll measure to see how I did compared to the automated system if I were to pick the top of the same level that the system picks up.

And I think I don’t want to sound arrogant but I think I’m about to see that I might get humbled pretty quickly uh because I’ve got an extra one there but everything else seems to be in order and so what I’m going to do is I’m going to move to the lower time frame now that I set those levels and next time I will set the levels the frame will be daily.

So I have a level here that we’re going to change the color of so I can easily and quickly identify those key levels as I move through the charts. So we have one there, I guess I don’t know why I want to keep marking this.

The daily level of Forex position trading

I think we have one here and I’m going to check back just to make sure I know we have one here and then we have one here guys I’m sorry I didn’t mean to do that but I’ve recently started interacting with Forex currencies I didn’t grow up with these issues but now oh God, my body doesn’t know what’s going on, my eyes itch, my throat itches, I’m coughing like it’s terrible.

I still want to get this and it’s not one yet okay let me make sure I delete it it’s terrible terrible terrible allergies are the worst and let me have it I think this is everything else I’ve gotten so this is my day to day level.

I’m going to turn it off and then I’m going to go to our 4-hour and we’ll do the same thing again so we have our 4-hour level there, and then I’ve got our 4-hour support level here, and I’ve got another 4 hour level here and here I think we’ve got it covered here.

A Forex trader needs a support level in his trades

So I know a lot has happened with this pair. I know the Canadian dollar reacted last week the way it did last week because of the rate increase and the jobs numbers that came out, and so what we’ll be evaluating to see if we think this uptrend is going to continue.

So I’m back to the monthly newsletter and for those of you who aren’t familiar like I said, I’m a large base FIB trader and so I’m going to be publishing my smart FIB, excuse me if I can just speak up to give you guys, I have some thoughts on this tool and how I use it.

Summary

Everything between A and B you see a and b a b, everything between A and B is an entry-level, everything outside of lamb is a take profit level and it’s color-coded because, in theory, that’s where you have a pullback so the last pullback on this would be considered at what’s known as 86 86, so in theory, if this is moving higher, your take profit would be at the green level.