There are various strategies to trade the Forex Markets and two traders could look at the exact same chart in different ways. It is based on their trading style.
WHAT'S YOUR TRADING STYLE?
Identifying your personal trading style will help you to determine what kind of trader you are and therefore the type of trading strategy that will be most suitable to your trading style.
SHORT TERM TRADER
You prefer to be in and out of trades quickly - banking your profit and moving on. Some short term traders choose to stack positions generating more pips and profit and sometimes matching the mid to long term traders.
MEDIUM TERM TRADER
After analysis, you may be happy to place a trade at the start of the day and close out your position at the end of the day (or maybe the next day).
LONG TERM TRADER
You could be happy to let a position run for a week, 2 weeks or longer following your analysis. With a potential to capture more pips but the risk can also be higher.