Looking at more than 1 time frame always gives us a bigger picture of what the market is telling us.
It also allows us to have multiple entry choices regardless if the price act in our favor or not.
On this picture of the USDJPY, we have a small 4h consolidation box that we can trade the upward breakout. if it breaks downwards, we can wait for a retest of the 4h...
The EURUSD pair has been ranging for the past couple of weeks and seemed to have formed an inverted head-shoulder pattern between 2 daily key levels.
Now a pattern on such long time frame can present a challenge on selecting a good entry point.
By switching to the 4h chart, we can see that the price formed a double bottom pattern right under the daily level and a...
If you're like me you sometime wonder if you're too late or have the fear of missing out on a trade.
Keep in mind there is no such thing as a perfect entry.
On this image of USDJPY, we have a 4h uptrend being reverse by a head-shoulder pattern. Our concern here is the big red candle on the latest shoulder. such a sudden bearish move can discourage most traders to...
Here's something lots of traders gets stopped when trading breakouts. FAKE OUTS.
A fake out is when the price exits a range or consolidation in a strong sudden move, most retail traders believe it to be a breakout and add a position. Price then reverse and hit your stop loss.
This is an example of how you can take advantage of such situation.
When the price is...
Nice combination of time frames allows you to have clear levels for s/l and t/p.
Here we have a nice double top pattern on a 4h level and if you look close enough, you can also see a tweezer top candlestick pattern.
Those are 2 good clues as of where the market is heading next.
