For Taking trade in 1 Hour time frame, first select 4 hour time frame and then select Line chart instead of Candle Stick Chart.
Change Properties of Line Chart for Price Source as High. Then mark red coloured horizontal lines at peaks for Resistance Levels 1, 2 and 3 and Label them as R1, R2, R3.
Then again change Price source to Low and then mark green coloured horizontal lines at bottom (inverted peaks) for Support Level 1, 2 and 3.
Remember one has to again select 1 Hr time frame for seeing the actual Resistance and Support Lines.
LONG Trade Strategy : Keep Entry Level at R2 with Stop Loss at R1. Calculate TPs and LOT size as per Risk of 1%. Take another Trade with same Entry and S/L; however, keep TP at twice profit than first trade.
Change Properties of Line Chart for Price Source as High. Then mark red coloured horizontal lines at peaks for Resistance Levels 1, 2 and 3 and Label them as R1, R2, R3.
Then again change Price source to Low and then mark green coloured horizontal lines at bottom (inverted peaks) for Support Level 1, 2 and 3.
Remember one has to again select 1 Hr time frame for seeing the actual Resistance and Support Lines.
LONG Trade Strategy : Keep Entry Level at R2 with Stop Loss at R1. Calculate TPs and LOT size as per Risk of 1%. Take another Trade with same Entry and S/L; however, keep TP at twice profit than first trade.