Trading Hour Forex 8 Charts
For some forex traders, they feel most comfortable trading the 1-hour charts. this time frame is longer, but not too long, and trade signals are fewer, but not too few. trading on this time frame helps give more time to analyze the market and not feel so rushed. In my travels to poland and estonia, there is one thing that was abundantly clear. to get the full experience at a location, i could not be sitting in front of a screen trading for 6 hours a day. this got me thinking about how it would be great to also have some 4 hour chart trading hour forex 8 charts strategies that would still have excellent risk reward ratios, but would be trades that i would only have to check once. Eur/jpy 4-hour forex chart here’s one for my trend-trading brothas out there! eur/jpy is having trouble trading above 117. 50, which isn’t surprising since it’s near a mid-channel resistance, 61. 8% fib retracement, and is right under the 200 sma on the 4-hour time frame. After all, a four-hour chart just sh...