What is Multi Time Frame Analysis About?
|HotForex’s Senior Currency Analyst Stuart Cowell explains what is multi time frame analysis and how we can identify support and resistances easily.
What is multi time frame analysis?
1. Following a market in at least two time frames or resolutions
2. Defining the dominant trend in higher time frames and timing entries in smaller time frames
3. Using a Top Down approach. it helps us to focus on the dominant trend and trade with the prevailing momentum
4. Using A) the longest time frame for identifying major S/R levels and trend, B) the intermediate resolutions for confirmation of the long terms analysis and recognizing important pivot points, and C) the smallest timeframe for entry signals
Cowell also explains what are price pivots: Pivotal highs and lows and how to identify when a market is trending. What to do in uptrends and how to take profit of downtrends; timing in short and long
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