I am starting to incorporate higher time frames into my M5 trading. My basis is that I will look for an opportunity to go long or short on the higher time frames such as H4 and Daily, and then make my actual entry on the M5 chart at the break of a trendline or at support/resistance etc; I have attached a screenshot to demonstrate what I mean.
On the H4 chart I noticed some support, and also on the Daily there is a trendline break with a pullback, so both of those charts indicating that I should be buying rather than selling. So on the M5 chart I will look for an opportunity such as support or a trendline break and make a trade. Do I have this logic correct?