Wednesday, February 13, 2013
EUR/USD Multiple Time Frame Forex Technical Analysis
Today I had a great trade that is the perfect example of how multiple time frames can be used to make trading decisions. Bellow I have posted a one hour chart of the Eur/Usd and a fifteen minute chart. The one hour chart shows a rejection pin-bar candle and the fifteen minute chart show a head and shoulder formation. Even if you were not looking at the one hour chart and did not see the big rejection candle a simple entry at the level of the shoulder is a good place to enter into a trade. If you are like me and keep track of several time frames when u have a large pin-bar and head and shoulders at the same time, that is what I call a "high probability trade".
