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In the current market conditions, it’s advisable to focus on high timeframe charts, such as the weekly chart. By zooming out, you can identify potential areas where prices may head.
Once the price reaches these areas, consider scaling in to capitalize on a good lower timeframe (LTF) bounce.
Concentrating on smaller timeframes may not yield significant results amidst the prevailing market volatility. It’s a strategic approach to trading that emphasizes a broader view of market movements.
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