Why scalpers, day traders got to check higher time frames

Because price reacts to support resistance levels

And the good ones can only be spotted at higher time frames. We let the charts do the talking.

 

Price is up. Buy!

Up trend on M30 time frame

This M30 chart prints clear up trend; little hint of overhead resistance

 

Hey what is going on?

No clue why price retraces suddenly

Hey why did it do that?

 

Let’s check higher time frame

Place horizontal line to show resistance on daily chart

Well established resistance spotted on daily chart

 

If only I inspected the higher time frame

Go back to inspect on M30 time frame

Oh that’s what it is!

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