29/01/2025
When looking for a trade in Forex, the best chart to place support and resistance depends on your trading style and timeframe preference. Here’s a breakdown:
1️⃣ Higher Timeframes for Strong Support & Resistance
Daily (D1) & Weekly (W1) → Best for identifying major support & resistance zones.
4-Hour (H4) → Good for refining key levels from the daily chart.
Why? Higher timeframes show stronger levels that are respected more often.
2️⃣ Lower Timeframes for Entry & Trade Ex*****on
1-Hour (H1) & 15-Minute (M15) → Use these for more precise entries.
5-Minute (M5) → Best for scalping but not ideal for major support & resistance.
Why? Lower timeframes give you better timing for entering trades while respecting higher timeframe levels.
Best Practice:
✅ Start on the higher timeframe (D1 or H4) → Mark key support & resistance.
✅ Drop to a lower timeframe (H1 or M15) → Look for entry signals like breakouts, retests, or price action patterns.