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Multiple Time Frame Analysis

Learn 3 Best Time Frames for Day Trading Forex & Gold If you want to day trade Forex & Gold, but you don't know what time frames you should use for chart analysis and trade execution, don't worry. In this article, I prepared for you the list of best time frames for intraday trading and proven combinations for multiple time frame analysis. For day trading forex with multiple time frame analysis, I recommend using these 3 time frames: daily, 1 hour, 30 minutes. Daily Time Frame Analysis The main time frame for day trading Forex is the daily. It will be applied for the identification of significant support and resistance levels and the market trend. You should find at least 2 supports that are below current prices and 2 resistances above. In a bullish trend, supports will be applied for trend-following trading, the resistances - for trading against the trend. That's the example of a proper daily time frame analysis on GBPCHF for day trading. The pair is in an uptrend and 4 significant historic structures are underlined. In a downtrend, a short from resistance will be a daytrade with the trend while a long from support will be against. Look at GBPAUD. The market is bearish, and a structure analysis is executed. Identified supports and resistances will provide the zones to trade from. You should let the price reach one of these areas and start analyzing lower time frames then. Remember that counter trend trading setups always have lower accuracy and a profit potential. Your ability to properly recognize the market direction and the point that you are planning to open a position from will help you to correctly assess the winning chances and risks. 1H/30M Time Frames Analysis These 2 time frames will be used for confirmations and entries. What exactly should you look for? It strictly depends on the rules of your strategy and trading style. After a test of a resistance, one should wait for a clear sign of strength of the sellers : it can be based on technical indicators, candlestick, chart pattern, or something else. For my day trading strategy, I prefer a price action based confirmation. I wait for a formation of a bearish price action pattern on a resistance. Look at GBPJPY on a daily. Being in an uptrend, the price is approaching a key resistance. From that, one can look for a day trade . In that case, a price action signal is a double top pattern on 1H t.f and a violation of its neckline. That provides a nice confirmation to open a counter trend short trade. Look at this retracement that followed then. In this situation, there was no need to open 30 minutes chart because a signal was spotted on 1H. I will show you when one should apply this t.f in another setup. Once the price is on a key daily support, start looking for a bullish signal. For me, it will be a bullish price action pattern. USDCAD is in a strong bullish trend. The price tests a key support. It can be a nice area for a day trade. Opening an hourly chart, we can see no bullish pattern. If so, open even lower time frame, quite often it will reveal hidden confirmations. A bullish formation appeared on 30 minutes chart - a cup & handle. Violation of its neckline is a strong day trading long signal. Look how rapidly the price started to grow then. In order to profitably day trade Forex, a single time frame analysis is not enough . Incorporation of 3 time frames: one daily and two intraday will help you to identify trading opportunities from safe places with the maximum reward potential. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
15
BTC - Bear Market started? OR Just a healthy correction Alright, so while the daily chart might have some folks calling for a bear market, let's zoom out to the weekly timeframe for a different picture. See how things are still looking pretty bullish there? That daily dip might just be a healthy correction in the grand scheme of things. Don't be shocked if we see a quick move down, maybe even a wick into that $60k- FWB:67K zone – the market loves to play with our emotions, right? But that could just be a setup before we push towards new highs. There's a lot of noise out there, and the market might even tap that previous trendline for confluence. But looking at the bigger weekly picture, things still seem to be in control. Keep an eye on how things play out in the coming weeks, especially up to the end of April and the first week of May. It could be an interesting ride!
Short
by Traderscorpion
Dogecoin (DOGE) to print 300% extension.... very soon!** The weeks ahead ** Following the vitriol received by the public on the short idea (below) it is time once more to extend that audacity with a long idea. Apologies to the 90%, I know how upsetting this must be for you. On the above 3 day chart price action has corrected (as forecast) 70% from the short publication (red circle). Now is an excellent moment to consider a long position. But why? 1. 90% of the people reading this are selling, fear is not your friend right now. When there's blood on the streets, start a Black Pudding business. 2. Price action and RSI resistance breakouts. 3. Support on past resistance (red arrows). 4. Regular bullish divergence, just as before. Look left. Is it possible price action continues to correct as a number of tradingview ideas are now calling for? Sure. Is it probable? No. Ww 50% short idea
Long
by without_worries
28
Long trade Trade Breakdown – Buy-Side (BTC/USD – Intraday Setup) 📅 Date: Monday, April 7, 2025 ⏰ Time: 1:15 PM NY Time (NY Session PM) 📈 Pair: BTC/USD 📈 Trade Direction: Long (Buy) Trade Parameters: Entry Price: 78,281.5 Take Profit (TP): 79,619.0 (+1.71%) Stop Loss (SL): 77,890.0 (-0.50%) Risk-Reward Ratio (RR): 3.42 🚀 Reason: The Buyside trade idea is based on the midday continuation move, possibly a pullback entry from intraday demand. Targeting near-term highs or key resistance, with structure suggesting bullish continuation.
Long
by davidjulien369
Why I think EURUSD will continue to buy this week...Hey Rich Friends, I think EURUSD will continue to buy today and maybe this week. This is only my technical analysis, so please check the news and cross-reference the indicators on your chart. Here is what I am looking at: - The market has bounced from the previous day's low around 1.08740 - Bullish candles have picked up momentum in the last few hours - Structure was broken on H1 and resistance was retested as support - The STOCHASTIC is facing up, the orange line (slow) is below the blue line (fast), both have crossed above 50%. These are all bullish confirmations for me. I will set my SL at the previous day's low and use previous highs as my TPs. Good luck if you decide to take this trade. Let me know how it goes in the comments below. Peace and Profits, Cha
Long
by MoneyMantraCha
2