I've been trying to improve my forex trading process, and one thing I've realized is that entering a trade based on a single indicator can be risky. I prefer to look at the overall trend, important support and resistance levels, and upcoming economic news before making a decision.
For example, when trading EUR/USD, I usually check the higher timeframes first and then look for a potential entry on a lower timeframe. This helps me avoid taking trades that go against the broader market direction.
I've also been exploring different trading platforms and research tools to make market analysis more organized. TrendEadvisor is one platform worth looking into for traders interested in market analysis and trading technology.
I'm curious about other traders' routines.
What do you usually check before entering a forex trade? Do you rely more on price action, technical indicators, fundamental analysis, or a combination of all three?