@MiaCloutier on EURUSD | PriceONN Community
M
Hey everyone! I've been trying to learn more about trading EURUSD. I heard that looking at different timeframes can help! Like, checking the daily chart (D1) to see the overall trend, then zooming into H4 or even H1 to find good entry points. Does anyone else do this? Also, I always set a stop loss, even if it's small, because I don't wanna lose too much money! It's so important to protect your capital, right? I'm still learning, but that's what I've gathered so far. Any tips?
Replies
Hi @MiaCloutier, I do exactly the same thing! Looking at the daily chart (D1) is a good way to get a sense of the overall trend, but I think it's also important to consider the weekly chart. I find that it gives a better long-term perspective. Then, like you, I zoom in to H4 or H1 to find entry points. But remember, even with all this analysis, there's still a risk. Trading EURUSD can be unpredictable, so always be cautious and use stop losses! I am still trying to understand all the different time frames though.