H1 Candlestick Important Points in Trading

In the language of forex trading, time frames are used to describe the time frame of each candlestick that is formed. In metatrader, in general this time frame is divided into 6 parts, namely time frames M5, M15, M30, H1, H4, D1, Mountly. The time frame describes the time it takes to form one candlestick. For example H1, the H1 time frame illustrates that the time it takes to form one candlestick is 1 hour or in layman's language that in a difference of one hour the next candlestick will be formed. Understanding this time frame is very important in forex, because in technical analysis it is used to see the strength of the trend in the short term, medium term or long term. By paying attention to the shape of the candlestick on a certain time frame, traders can make further price predictions.

H1 Candlestick Secrets in Forex Trading

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 no less accuracy than the H4 time frame.
  • 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.

Here are some important things in the H1 candlestick for forex trading. Many traders do analysis with H1 as the medium term trend and take the execution point on the M15 time frame.

How to Trade on the H1 Time Frame

The M15 and H1 time frames have an interesting uniqueness because in the short term, the H1 trend can be used to trade by taking executions on the M15 breakout position. Through the Breakout M15 article as the entry level for the H1 trend, you will see how the ideal point is to trade or enter the market to avoid prolonged floating positions. The H1 trend is medium term, therefore it is not possible to take too much profit. In general, the usual profit target taken from the H1 time frame is 10-20 pips. This is because if the profit target taken is much larger, it is feared that the price will return to follow the H4 or D1 trend. Therefore, the thing that becomes a guideline in forex trading is discipline and stay away from greed. A trader must be able to measure resistance and movement opportunities well so that they can get consistent profits.

Important Points in Playing Trading on H1

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

  • 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.

More info:
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