Strategy Video: Multiple Time Frame Analysis Shows USDJPY Pressure Building
• Multiple time frame analysis better highlights trade opportunities before the spark is added to the market
• Running through long, medium to short-term analysis isn't just a technical method
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Trade setups take time to develop. Analyzing and acting only after the spark ignites the setup leads to false starts, bad entries and missed opportunities. Running a multiple time frame analysis on a currency, a pair or even a broader market can help us better identify and prepare for an opportunity before it unfolds. From a technical perspective, that means starting with a bird's eye view of the charts and zooming in. But this isn't just a technical analysis technique. We go through multiple time frame analysis with a focus on USDJPY and the yen crosses in today's Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.