The greater the time period of the forex chart where the resistance / support to see, it's probably more important. As mentioned, there are support and resistance levels on a 5 min chart forex, only they are less significant (unless they merge with forex charts levels of greater time periods). This does not mean they are not very useful (and profitable) can be. If you want to keep a position open for max 2 hours and have a profit target of 30 pips, then support and resistance levels on a 5 min chart forex tell exactly what you need to know.
