Disliked{quote} Good qustion.. Trying to answer it in simplest form Start with a chart first {image} It doesn't matter a lot where the pullback went, most important that it faces resistance on two or more different time frames at the same time. Left side of the chart always giving you clue what she's up to next. The more charts you see the pair facing resistance on, the more reasons it has to end with pullback and resume the trend, and the more the probability that the trade won't go against you except for a few pips....Ignored
No matter what chart period I look at the price is the same. On M1 price at daily high, means the price on D1 is at daily high and vice versa. What is the formula you use for determining resistance and support? A previous low that was violated could become "resistance" later on. D1 low will always be one H4's low but H4 low is not necessarily D1 low.
The areas of interest on my charts are between the high of the day and H1 highest open, low of the day and H1 lowest open.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade