What is a good setup
When you look for a trade, you must start your analysis in the monthly chart. Then you have to go to the weekly, daily and hourly ones. After that work, you can make an idea about the market direction. If you have buy and sell setups in the one hour, you shall take those that go in the daily-weekly direction.
Here you have a good example in the USDJPY. This one reached a reversal point in the daily chart and is going down. It will keep on going down until it shows divergence and until it is below the big trendline.
You shall take all the sell setups you see. The last one was perfect. It is a one hour flag with a 15 minutes flag in the end
Here you have a good example in the USDJPY. This one reached a reversal point in the daily chart and is going down. It will keep on going down until it shows divergence and until it is below the big trendline.
You shall take all the sell setups you see. The last one was perfect. It is a one hour flag with a 15 minutes flag in the end
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