Top Down Analysis. Download the forex market analysis and trading. 6 golden supplydemand tips.
Before examining micro factors. Traders want to see the direction of a pair from a birds eye view to determine the current trend so they look at the weeklydaily time frame. Analyze the daily chart.
Once the trend is determined on the higher timeframe they scale down to the 4h timeframe to look for any.
Starting from a higher timeframe and scaling down to lower time frames is what we call top down analysis. Download the forex market analysis and trading. Starting from a higher timeframe and scaling down to lower time frames is what we call top down analysis. Doing a top down analysis is essential for you as a trader it will help you get a higher winning rate.