Page 26 - WHAT IS FOREX (2)_Neat

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Major and Minor Timeframes in Forex Charts

In Forex trading, timeframes represent the amount of time each

candlestick or bar on a chart covers.For example, in a 1-hour
timeframe (H1), each candle shows one hour of price movement.

Understanding and selecting the right timeframe helps traders
align their strategy-whether short-term, medium-term, or

long-term.

Major Timeframes (Higher Timeframes)

Major or higher timeframes are used to analyze the overall trend,

market structure, and long-term direction.These timeframes filter
out short-term market noise and give a clear picture of where the

market is truly heading.

Common Major Timeframes include:

● Monthly (MN) → Each candle = 1 month

● Weekly (W1) → Each candle = 1 week
● Daily (D1) → Each candle = 1 day

● 4-Hour (H4) → Each candle = 4 hours

Example: If the Daily (D1) and H4 timeframes show that
XAU/USD (Gold) is in a strong uptrend,then short-term