Lingrid

5 steps for building technical analysis by time frames

Education
OANDA:TRYJPY   TRY/JPY
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 👩‍💻

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