Technical | Analysis Using Multiple Timeframes Pdf Download Top Hot!

Long entry on the close of the 15-minute candle. Stop-loss goes below the 15-minute swing low. Target is the daily swing high. This yields a massive 1:4 or 1:5 risk-to-reward ratio. Conclusion

Drop down to a medium timeframe such as the 4-hour or 1-hour chart. Here, you are searching for a pullback or a pattern that aligns with the higher timeframe trend. If the daily chart shows an uptrend, you would look for a retracement or a consolidation pattern on the 4-hour chart that offers a potential entry point at a better price. Long entry on the close of the 15-minute candle