EURJPY Forex 12-8-20
Hi there Guys Onesiphoro here, In this blog, I will show you how I trade forex in this 12-8-20 which I find going to profit, without further ado let's get right into it. First I will look at the higher time frame to know where exactly the trend will go in the long run.
I usually look first at the Monthly too for swing trade because it helps me avoid hassle and stress because the higher the time frame the stable the candlestick.
The next is Daily Chart, there is actually a weekly that you can look into as well but since I find it the same for Daily, as you can see the stop loss. There is a lot of advantage looking at the higher time frame just like what I mentioned earlier because it was more stable compare to shorter time frame like 15, 30 minutes and the best part about it if you find a good formation trend you can buy or short a position in months or weeks.
and the last one for this blog is the 4Hours chart, you can use this as well as an alternative to the 1 Hour chart because it was more stable but commonly I use 1hour to find the best momentum. The trade point and stop-loss are becoming more detailed the more the time frame is becoming less like from 1Hour chart to 30Minutes chart. I'm hoping that this info will help you guys on your trading journey. See you on my next blog.
