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Analyzing price

Anthonio

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Are there any recommended timeframes for analyzing price action in Forex trading?
 
Are there any recommended timeframes for analyzing price action in Forex trading?
Yes 15M, 1H and 1D are the best choice for traders because these are the most popular for short, medium and long-term traders, hence price patterns have the highest chances to play out according to technical analysis theory.
 
You can follow medium long time frames like h1, m30, h4 etc. for price action trading.
 
Personally, I recommend using H1 and H4 timeframe or price action trading and it will help you better forecast the price.
 
Are there any recommended timeframes for analyzing price action in Forex trading?
You can follow timeframes ranging from m15 to h4 and I think all these will come to your convenience depending on situations.
 
I analyze different timeframes when trading. For example, I look at the trend direction on H4-D1, and I look for entry points on M15-M30.
 

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