Page 27 - WHAT IS FOREX (2)_Neat

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corrections on smaller charts are often just pullbacks within that

larger trend.
Minor Timeframes (Lower Timeframes)

Minor or lower timeframes are used for entry and exit precision.

These timeframes help traders identify short-term opportunities

and refine their entries in the direction of the higher timeframe
trend.

Common Minor Timeframes include:

● 1-Hour (H1) → Each candle = 1 hour
● 30-Minutes (M30) → Each candle = 30 minutes

● 15-Minutes (M15) → Each candle = 15 minutes
● 5-Minutes (M5) → Each candle = 5 minutes

● 1-Minute (M1) → Each candle = 1 minute

Example: If H4 shows a bullish trend on Gold, but M15 shows a

temporary dip,a trader might wait for M15 to form a bullish
reversal pattern to enter a buy position in line with the higher

timeframe. And depends on your strategy and what you’re using.

The Top-Down Analysis Approach

Professional traders use multiple timeframes together, known as

Top-Down Analysis, to confirm their trades.This method starts