I've been asked a few questions regarding time frames so I thought I'd post this example of what works for me.
Today we have EURGBP on D1 - I've marked out 3 zones in different colour. This is a Bearish Trend. You can then see the currency range for a period then there is a breakout on the 3rd attempt of the resistance level. Your idea would've been to buy the breakout in essence. But further analysis on a shorter time frame, I.e. H4, would've been required.
Hope that makes sense for all that have messaged me.
Today we have EURGBP on D1 - I've marked out 3 zones in different colour. This is a Bearish Trend. You can then see the currency range for a period then there is a breakout on the 3rd attempt of the resistance level. Your idea would've been to buy the breakout in essence. But further analysis on a shorter time frame, I.e. H4, would've been required.
Hope that makes sense for all that have messaged me.
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