There are six main periods for price charting:

The size of bars and candles depends on the selected timeframe. For example, if the chart is built using the 1H period, each candle or bar will show price dynamics for 1 hour. In the case of Mo, this indicator increases to 1 month (i.e., each candle equals one month), and so on.

The timeframe selection panel is usually located in the upper-right corner of the exchange terminal or the TradingView window:

Which Timeframes Should You Use?

The timeframe is chosen individually. The choice depends on the trading tactics, the strategy used, and personal preferences. Working with charts of large time periods is relevant when analyzing long-term trends. It allows you to review price changes over an extended period: a month, six months, a year. The results obtained can be used to analyze market development in the long term. 

A significant advantage of long-term charts is the absence of false movements. The minimal amount of "noise" helps to more accurately determine key trend lines and resistance levels.

Short-term timeframes are more relevant for scalping. They display current price changes and are best used during significant events, financial news releases, etc. However, it is important to consider that shorter time intervals are less accurate. Determining the future price direction based only on changes over the last day is extremely difficult. You can indeed earn a lot on 5M or 15M timeframes, but due to high noise levels, achieving consistent income will be challenging.