What's up everybody Johan here from Trading Walk and in this video we're going to look at multi time frame analysis and basicallyfinding good levels using the Fibonacci retracement and guys this is veryimportant to succeed in trading you want first a trend second you want goodlevels and third you want good buy and sell signals so basically in a buyscenario you want an uptrend and you want a support level and at that supportlevel or after the bounce of that support level you want good buy signalsin a down scenario you want bearish trend and you want price at a resistedlevel and at that resistance or after a bounce of that resistance level you wantsell signals so I will show you exactly what I mean here and I will show you howto find a trend how to find good levels using Fibonacci and how to find these signals so let's analyze this chart here this isa daily short of USDJPY if we look at Fibonacci when you have a top and abottom as soon as we have a higher high we basically have an up trend so that'sthe first step and now you want to find good support and resistance levels andbasically the best support level in an uptrend is the 50% Fibonacci and thesame thing for downtrend the best resistance is the 50% Fibonacci sowhen you're in an uptrend and you have a highs and lows and you want to find aretracement to the 50% you basically always in an uptrend you draw theFibonacci from the high so we'll draw from the right to the bottom on the leftand here you see we come down to the 50% and as long as we don't get three closesbelow this level this level is still intact and you see the 38.
2% is also a strong level so what you want to do when youuse multi timeframe analysis and when you trade in the direction of the trendat support levels you want to find buy signals here so when we come down to the level you want to start looking for buy signals and trade those buy signals up to the nearest resistance and the take profit targets so the hundred percent isalways going to be a resistance level so if you see bearish price action at thehundred percent you need to be ready to close your trade easy here you basicallyhave a failed break out and then price immediately reverse back down now whenwe break both this low and this low this is indicating us that the trend is nowdown so for down trends you want to draw the Fibonacci from a bottom on the rightto a top on the left doing that you will get the Fibonacci 50% and 38.
2% like thisand looking at this chart here we can see that right at the 50% which is avery strong resistance level you get bearish action and finding signals on alower timeframe here will give you very good trades and basically you have first the 100% then the 127.
2% and 161.
8% so basically if you want to keep this really simple you have yourentry on a signal on a lower timeframe you have a first take profit at a100% second take profit at 127.
2% and thirdtake profit at 161.
8% and you see all the need afew of these trades to be really successful so basically finding Trend Pulse Pro sell signals at this resistance in a bearish trend to giveyou a very very high win rate and profitability because you can take smallrisk trades with very big reward and you see as soon as we break this low and wereach our take profits here can draw a new Fibonacci and since we're in adowntrend we want to draw from the low on the right to the top at the left andwe see we don't reach the 50% here so we can move left and we move our Fibonaccidown so basically here you see we come up to the fifty percent taking sellsignals here down it's going to be very profitable same thing herebasically you come up and make this double top in a bearish trend atFibonacci resistance and bang beautiful trading you can draw a new Fibonaccilike this and we see we don't quite reach the fifty percent move it downhere and when we're at the fifty percent we want to see sell signals heresometimes you will not get sell signals and price will just move up and if wesee this kind of price action here when the 50% breaks that's an indication that the trend is weakening and when a trend is weakening we want tobe aware that we might get buy signals so basically these tops here breaks andwe get price moving up above fifty percent resistance now what you want todo then is basically just draw a new Fibonacci buy and like I said when we'relooking for buy opportunities we draw the Fibonacci from a top on the rightside to a bottom on the left side this will give you this Fibonacci and you seehere that we make a move down to the 50% and if we move down to a 4 hour chartso if we look at a four hour chart here and this is the 50% in the bullish trend and if we add the Trend Pulse Pro to this we will see that wehad nice buy signals here up and then the retracement down basically this sellsignal here you could have a scalped but since you know that this is the 50%which is a strong support level you don't want to hold this trade long andyou see immediately after that you actually get a buy signal here and thiswould give you a very good risk reward and a huge profit trade and the timeyou're in the trade is very effective it's basically entry and right into thefirst take profit same thing here entry right into the first take profitso beautiful trades thank you so much for watching guys that's how youuse multi timeframe analysis to find better trades basically you want trendyou want to use Fibonacci to find a good level and then you want to enter onTrend Pulse Pro signal on lower timeframe hope this helps good luck.
