Multi-Timeframe PA Confluence
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Why One Timeframe Is Not Enough
A bullish pin bar on the 1-hour chart looks compelling. But if you zoom out to the daily chart, you see price just hit a major resistance level in a downtrend. That 1-hour pin bar is a trap — it is counter-trend noise on the higher timeframe. Traders who only look at one timeframe fall into these traps constantly.