planning ahead
Looking at more than 1 time frame always gives us a bigger picture of what the market is telling us.
It also allows us to have multiple entry choices regardless if the price act in our favor or not.
On this picture of the USDJPY, we have a small 4h consolidation box that we can trade the upward breakout. if it breaks downwards, we can wait for a retest of the 4h support zone and if that fails we can wait for a retest of the daily support or daily trend line.
Now why only bullish entries ?
well it's always safer to go along a trend than against it
It also allows us to have multiple entry choices regardless if the price act in our favor or not.
On this picture of the USDJPY, we have a small 4h consolidation box that we can trade the upward breakout. if it breaks downwards, we can wait for a retest of the 4h support zone and if that fails we can wait for a retest of the daily support or daily trend line.
Now why only bullish entries ?
well it's always safer to go along a trend than against it
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