So to my fellow traders I pose this question when learning to trade they say check higher timeframes. At the time of writing the price is at 0.69236. When you check the 15 min time frame the trend is bearish , when you check the 30 min timeframe the trend is bullish ,when you check the 45 min timeframe the trend is bullish too, when you check the 1 hour timeframe the trend is bullish, the 2hour timeframe still bullish then now the dilemma comes in the 3 hour and 4 hour timeframes show a strong bearish trend. So my fellow traders which higher timeframe do you follow as a 15 min chart trader because they all are giving conflicting information at any time you check. Hope you can help , post your answers on the comment section
please dont be confused on the technical meters ( ya know where it says strong buy/sell). When they said look at the higher time frames, they meant look at the higher time frames on the chart, NOT the meter. They meant analyze where the price action is going, will it break the support or the resistance.. if it breaks the resistance, then where is the next resistance on the higher frames, same goes with breaking support, where is the next support
looking at different timeframes helps suggest where the price may go on the other time frames. I tend to focus on 2hr and 4hr. To trade 15 minute candlesticks you need to acknolwedge where price closed on the other timeframes and move from there. An entry on a 15 minute chart will be different depending on where the price has been before.
roymwikyalena
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@IlliaRashau, Thanks alot but what if the 2hr and 4hr give conflicting information. I really dont't feel it's important cause I get more confused