🟩 Weekly Chart – For Swing & Position Traders

Best for:

• Longer-term traders

• Those with limited screen time

• Investors focused on big-picture moves

Pros:

• Filters out noise and false signals

• Stronger and more reliable chart patterns

• Less stress – only need to check the market once or twice a week

• Helps you stay in winning trades longer

Cons:

• Fewer trade opportunities

• Requires more patience

• Larger stop losses due to bigger price swings

Ideal strategy:
Use the weekly chart to identify long-term trends and strong support/resistance zones. Perfect for traders looking to capture larger moves over days to weeks.

🟨 Daily Chart – For Active Swing & Trend Traders

Best for:

• Traders who want more setups

• Those available to check charts daily

• Traders who enjoy quicker entries and exits

Pros:

• More frequent trade signals

• Balanced between speed and reliability

• Helps with fine-tuning entries from the weekly trend

Cons:

• Can produce more noise and fake-outs than weekly charts

• Requires more discipline to avoid overtrading

• Still requires patience compared to lower timeframes

Ideal strategy:
Use the daily chart to execute entries in line with the weekly trend. It’s a great timeframe for swing trades lasting 2–10 days.

✅ Which is Better?

There’s no right or wrong answer—the best timeframe is the one that suits your trading style and schedule.

💡 Pro Tip:
Many experienced traders use a multi-timeframe approach:

• Weekly chart to spot the trend

• Daily chart to time entries
  This combination offers the best of both worlds—clarity and precision.