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5minuteschart

why 5 min time frame is best for intraday or scalp.The 5-minute time frame is often considered to be one of the best for intraday or scalp trading because it allows traders to make quick decisions based on short-term price movements. Intraday and scalp traders typically look for small price movements in a short period of time, and the 5-minute chart provides a detailed view of these movements. Additionally, the 5-minute time frame allows traders to easily identify key support and resistance levels, and to quickly enter and exit trades based on these levels. Overall, it's considered a good balance between having enough data to make informed trades, while still being able to act quickly on trades.
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by bulllegacy
USD/JPY Multi Time Frame Analysis - Possible UptrendPurple Line = 4 Hour SNR Red Line = 1 Hour SNR Yellow = 5 Minute SNR 4 Hour candle close above 4 Hour support level and on 5 Minute chart we can see clear triangle which is break in uptrend and now if we see pullback price should go high at least till new 4 Hour Trendline Resistance If this help you with your trading Please Like, Share and Follow that give me motivation to make another Trading Ideas If you have some suggestion, comment or other opinion feel free to write it in comment Wish you succesfull and consistent trading with profits! This is not an investment advice. "CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money."
Long
by ArmaTrader97
EUR/USD multi time frame analysis, Trading Idea #3Purple Zones = Daily SNR Red Zones = 4 H SNR Orange Zones = 1 H SNR Yellow Zones = 5 Min SNR Blue Lines = Opportunity for trade 1.) SHORT TRADE REVERSAL When Candle close bellow Resistance and next candle form as Bearish ( better if it is some Bearish reversal candlesticks like bearish engulfing candle or bearish evening star etc....) open short trade; - Stop Loss above resistance zone - Take profit little bit above next support (or if see that candlestick break next support (new Bearish candlestick open bellow next support zone ) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 2.) SHORT TRADE CONTINUATION When Bearish Candle close bellow support zone place Short trade (better if is some strong bearish candle) Open short trade - Stop Loss above resistance zone - Take profit little bit above next support (or if see that candlestick break next support (new Bearish candlestick open bellow next support zone ) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 3.) LONG TRADE REVERSAL When Candle close Above Support and next candle form as Bullish ( better if it is some Bullish reversal candlesticks like Bullish engulfing candle or Bullish Morning star etc....) open Long trade; - Stop Loss Bellow Support zone - Take profit little bit Bellow next Resistance (or if see that candlestick break next Resistance (new Bullish candlestick open above next Resistance zone ) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 4.) LONG TRADE CONTINUATION When Bullish Candle close above Resistance zone place Long trade (better if is some strong Bullish candle) Open Long trade - Stop Loss Bellow Support zone - Take profit little bit Bellow next Resistance (or if see that candlestick break next Resistance (new Bullish candlestick open Above next Resistance zone ) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com If this help you with your trading Please Like, Share and Follow that give me motivation to make another Trading Ideas If you have some suggestion, comment or other opinion feel free to write it in comment Wish you succesfull and consistent trading with profits!
by ArmaTrader97
NZD/USD multi time frame analysis, Trading Idea #2Purple Zones = Daily SNR Red Zones = 4 H SNR Orange Zones = 1 H SNR Yellow Zones = 5 Min SNR Blue Lines = Opportunity for trade 1.) SHORT TRADE REVERSAL When Candle close bellow Resistance and next candle form as Bearish( better if it is some Bearish reversal candlesticks like bearish engulfing candle or bearish evening star etc....) open short trade; - Stop Loss above resistance zone - Take profit little bit above next support (or if see that candlestick break next support (new Bearish candlestick open bellow next support zone) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 2.) SHORT TRADE CONTINUATION When Bearish Candle close bellow support zone place Short trade (better if is some strong bearish candle) Open short trade - Stop Loss above resistance zone - Take profit little bit above next support (or if see that candlestick break next support (new Bearish candlestick open bellow next support zone) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 3.) LONG TRADE REVERSAL When Candle close Above Support and next candle form as Bullish( better if it is some Bullish reversal candlesticks like Bullish engulfing candle or Bullish Morning star etc....) open Long trade; - Stop Loss Bellow Support zone - Take profit little bit Bellow next Resistance (or if see that candlestick break next Resistance (new Bullish candlestick open above next Resistance zone) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com 4.) LONG TRADE CONTINUATION When Bullish Candle close above Resistance zone place Long trade (better if is some strong Bullish candle) Open Long trade - Stop Loss Bellow Support zone - Take profit little bit Bellow next Resistance (or if see that candlestick break next Resistance (new Bullish candlestick open Above next Resistance zone) keep open trade to get more profit) - Check Economic calender to be sure that avoid trade on double (15 Min before and after news) and tripple news (30 Min before and after news), and also speak with double and tripple star (2 H before and after speeach) =Check www.forexfactory.com If this help you with your trading Please Like, Share and Follow that give me motivation to make another Trading Ideas If you have some suggestion, comment or other opinion feel free to write it in comment Wish you succesfull and consistent trading with profits!
by ArmaTrader97
AAPL Buy Signal on 5 min chart Apple has a buy signal on the 5 min chart. Cannot be seen in the chart I posted because the 5 min tracker is too small to post. The significance of a buy signal on the 5 min chart supports AAPL nearing $115 a share before trading day is over. I drew the trend line for today. Back near $115 will put us in good shape for our run to $120. Do you think the iPhone 12 announcement will move the markets? Or Apple at least? Comment your thoughts below.
NASDAQ:AAPLLong
by Myantman101
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