I already wrote about this theme in my blog forextrader.live (click here), but it’s always nice to show how precise the trend can be, in this case the uptrend. This move shows a 100 pips up today’s move in 1 minute simple technical gold chart. The period of the move up is 1 hour and 40 minutes, all the way to the resistance where the buyers have take a break and where the trend can turn backward. I use the 1M chart often in my intrady setups and trades, to determine the entry or the exit level and in my oppinion it’s very important to follow the same.
How about you traders, do you use the M1 and M5 charts in your trading decisions?