I don't trade intra-day but it is always cool to drop to the 4H.
It also tells you if your longer term lines are relevant.
Right now, price is trapped between my resistance zone and the line I traced starting December 2022.
The swings had up to 130 pips which would be great for a day trade. A few rinse and repeat on top of that.
That being said, I don't expect price to be trapped there for too long. It will more than likely pop out hard one way or another.
It also tells you if your longer term lines are relevant.
Right now, price is trapped between my resistance zone and the line I traced starting December 2022.
The swings had up to 130 pips which would be great for a day trade. A few rinse and repeat on top of that.
That being said, I don't expect price to be trapped there for too long. It will more than likely pop out hard one way or another.