Inside technicals and chart patterns by 
I’m looking the 240 minute and 15 minute USD/CHF charts and wanted to point out a few things to those of you who look at multiple time frames to pick your set ups. Each time frame is a reflection of short to long term psychologies.
The 240 minute chart us ripe for a swing short if prices can rally to the bottom line of my Wave (34ema low). As long as the trend is down the rallies to resistance are perfect shorting opportunities. The main question is what will you define a “rally to resistance” to be? Chart pattern alternatives would be channel down and falling wedge.
The 15 minute char is a perfect example of a “no opinion” sideways market. This is a good short to long term intraday time frame contrast to the 240 minute chart. So one option is to look for momentum trades on the 15 minute chart: triangles and rectangles. If your outlook is for the near term and you consider the typical pip movement during the Asian session, it’s a good choice. The 15 minute chart also could be a good way to follow the trend of the 240 minute chart which means that as the short term time frame is going sideways you would consider that the longer term time frame is in a downtrend. This is basically suing the 240 as a directional filter for the 15 and in many ways “multiple time frame confirmation” which I usually do not use….but it’s worth mentioning/defining it here since many of you will consider that longer term and want to choose a side on the 15 minute sideways market.