Steps to Analyze For Each Time Frame H1 and D1

In forex trading, traders usually determine their respective time frames. Time frame in forex trading means the time span required by a trader to observe price movements. The existence of a time frame in forex trading then gives rise to several profit strategies based on this time frame.

In forex trading, it is known that there are several time frames that are usually used by many traders. One of them is the H1 time frame or the 1 hour time frame. This forex trading strategy that relies on the H1 time frame is then called the H1 forex strategy. In the H1 forex strategy, traders observe price movements within 1 hour.

The H1 time frame is the favorite choice of many traders, especially for day trading players for a number of reasons. Here are some unique things about the H1 candlestick in forex trading:

  • H1 candlesticks are formed every 1 hour, thus providing a relatively faster time than H4
  • The H1 candlestick has an accuracy that is not inferior to the H4 timeframe.
  • The H1 candlestick is suitable for day trading by combining the M15 and H4 timeframes.
  • The H1 candlestick has relatively less noise than the M15.

Important Points in Trading on H1

To avoid mistakes in using the H1 candlestick, traders should pay attention to the following:

Avoid opening positions close to fundamental news that has a strong impact. We recommend that you trade after the news appears with valid data.
Watch the H4 and D1 time frames to see the long-term trend.
Don't over-trade. Over trade is not recommended when using the H1 candlestick as a forex trading tool.



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