go down to 1hour to check the timing and then sell
reader’s message
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Hi Long what do think of this trade setup let say bearish passion candle
check minus 5
go down to 1hour to check the timing and then sell with the stop at the start of the bearish candle
what do you think. lde love to hear your veiws .
kind regards
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daily chart has a better chance of working out than say, a trade taken off the 1 hour chart.
higher time frames are made up off information from the lower time frames,
one candlestick on the daily chart represents a days worth of market action,
if we were to go onto the 1 hour chart and mark the beginning of the trading day,
we would find that 24 1 hour candlesticks would make up the one candle we see on the daily chart.
trading one time frame is better than the other.
Because all higher time frames are made up off information from the lower time frames,
one candlestick on the daily chart represents a days worth of market action,