Open trading account - Charts: 4Hours, 1 Day.
- Indicators: Fibonacci Fan Lines,Fibonacci Retracements,
- Prepared with : JForex 4.
- Current Level : 0.8349
Community Blog
CAD/CHF-Bullish price evolution!
Multi timeframe analysis of the GBP/CAD
Keeping a birds eye view on the overall market condition canhelp in taking good trading decisions or sitting on the sidelines when the
expected trend directions are contradicting each other. For todays purpose I
will only illustrate an analysis on 2 time frames: first one a 4h chart and the
second one a 1h chart. Usually experts recommend at least a set of 3 timeframes
but I find that more than 2 can become confusing and we can get into analysis
paralysis as they call it. Now lets get down to th…
expected trend directions are contradicting each other. For todays purpose I
will only illustrate an analysis on 2 time frames: first one a 4h chart and the
second one a 1h chart. Usually experts recommend at least a set of 3 timeframes
but I find that more than 2 can become confusing and we can get into analysis
paralysis as they call it. Now lets get down to th…