note : yellow box was previous daily full candle range
as you can see price was breaking previous support, so we'll waiting for nice retest on blue box then drop to the T (around 108.360)
again, no setup yet
Here's my scenario for USD/JPY using Multiple Time Frames Analysis :
1. Price Broke H4 Support then retesting the Support (In a Down Trend)
2. I move down to M30, I see Double Top (M) Pattern as my setup
3. Wait the price breaking M Pattern then entry at retest zone
4. - Stoploss would be above M Pattern
- Take Profit would be at Daily Support which is...
As you can see Price retested H4 Zone (Around 108.942) in a down trend then tryna push down,
We could spot the setup at M30 which is Double Top (M) Pattern wait for the retest then entry,
Stoploss would be above the M Pattern,
Take Profit would be at Daily Support (Around 104.641) which is also consider as Monthly Support,
Let's see what will happen guys :)
