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!
This M30 chart prints clear up trend; little hint of overhead resistance
Hey what is going on?
Hey why did it do that?
Let’s check higher time frame
Well established resistance spotted on daily chart
If only I inspected the higher time frame
Oh that’s what it is!
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.
