/1/3 · BTCUSD / 8H / Technical Chart Formation: Resistance Line Breakout + Divergence Risk Management: Fixed Lot Size Wish you many pips PS: Thank you very much that you support me with your likes and Comments If you have another analysis at this pairAuthor: Fxcanli Free trading charts for forex, major commodities and indices. Our charts are fully interactive with a full suite of technical indicators. News & Analysis at your fingertips /4/3 · How to Get Eight Hour Charts The easiest way to get eight hour charts is to visit blogger.com Unfortunately many brokers are still using MT4 which does not have eight hour charts. There is an MT4 plugin which allows eight hour charts but it does not blogger.coms: 36
Forex Eight Hour Chart Challenge
Hello all I hope you are having a restful and enjoyable Sunday! As expressed in some of my previous posts I am partial to price action trading from the Daily Charts, and more recently the 8 hour charts, forex 8h chart. Yes, 8 hour time frame charts are now offered on the MT5 platform. I recently started trying out the 8 hour time frame to see how it compared to the daily time frame with respect to providing reliable signals and frequency of the signals. There is a great blog post on the Forex4Noobs website which offers some insights as far as using the 8 hour time frame for forex price action trading.
For those of you using the MT4 platform the blog also provides a great indicator that you can download to allow you to convert your 4 hour charts into 8 hour charts. As noted in his blog post Nick B prefers the 8 hour charts over the daily charts because in his opinion it offers more tradeable setups without giving up the time saving and quality forex 8h chart that the daily charts provide. In reviewing my charts today I particularly noticed the nice bearish pin bar that formed at a key level on the EurUsd 8 hour chart.
On my chart I have marked a key resistance level at 1. You can see how price has retraced and extended about 30 pips past this level but then snapped back and failed to close above the resistance level.
EurUsd is curently on a nice downtrend which makes this setup even higher quality in my opinion. It will be interesting to see how this setup pans out over the next day or two.
If you have never experimented with the 8 hour time frame for your price action trading you just might want to give it a try! Once again this post is meant for educational purposes only and is not meant to be regarded as trading advice.
If you enjoyed this post please, comment, share, and like!! Thanks for the post on 8H chart trading. Can you name some forex brokers that offer platforms with 8H charts and that take US citizens? There are very few brokers that take US traders that have 8H charts. Trading Station is said to be the Rolls Royce of platforms, forex 8h chart, and I opened a demo of their Mini no difference in capabilities of platforms, forex 8h chart, it seemsand I like it.
Also, 8H charts can be inserted in MT4 with period multiplier software free ; and I think MT5 has forex 8h chart. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment, forex 8h chart. Sign me up for the newsletter! Hi, Forex 8h chart for the post on 8H chart trading. Happy Trading, forex 8h chart, Norm. Leave a Reply Cancel reply Your email address will not forex 8h chart published. Get Our Free Forex News Letter Now!
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Trend Trading 8 Hour Forex Charts
, time: 52:57BTCUSD / 8H / Technical Chart for BINANCE:BTCUSDT by FxCanli — TradingView
Free trading charts for forex, major commodities and indices. Our charts are fully interactive with a full suite of technical indicators. News & Analysis at your fingertips /4/3 · How to Get Eight Hour Charts The easiest way to get eight hour charts is to visit blogger.com Unfortunately many brokers are still using MT4 which does not have eight hour charts. There is an MT4 plugin which allows eight hour charts but it does not blogger.coms: 36 /6/25 · The Forex Charts offer over graphs in real-time with Forex Interbank rates, Cryptocurrencies, Commodities, Equity Indices and US stocks. 27 time frames including tick charts
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