You sometimes ask me how I structure my forex technical analysis.
Today I will share 5 simple steps that I go through myself to determine the direction of the price.
So.
Step 1 - start with a large TF to analyze the global price movement and mark major levels.
Step 2 - Go to Week 1 TF to find major trends and recurring items.
Step 3 - I use the daily timeframe to mark strong trend lines, find patterns and determine the approximate entry area.
Step 4 - then I use the 6h 4h and 1 hour timeframes - this helps to clarify the last price movement and pay attention to small trades.
Step 5 - minute TFs to test your hypotheses and find an entry point.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Today I will share 5 simple steps that I go through myself to determine the direction of the price.
So.
Step 1 - start with a large TF to analyze the global price movement and mark major levels.
Step 2 - Go to Week 1 TF to find major trends and recurring items.
Step 3 - I use the daily timeframe to mark strong trend lines, find patterns and determine the approximate entry area.
Step 4 - then I use the 6h 4h and 1 hour timeframes - this helps to clarify the last price movement and pay attention to small trades.
Step 5 - minute TFs to test your hypotheses and find an entry point.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.