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 also consider as Monthly Support at that time
- Move to Breakeven when M30 Makes new Strucuture (LL)
You can see my setup obviously in the chart,
Hopefully this will help you
Happy Trading All :)
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 also consider as Monthly Support at that time
- Move to Breakeven when M30 Makes new Strucuture (LL)
You can see my setup obviously in the chart,
Hopefully this will help you
Happy Trading All :)