AUDJPY (07-Feb-2021)

Daily Chart:
snapshot

4H Chart:
snapshot

1H Chart:
snapshot

Last week, it was an opportunity for me to enter and set up a trade.
But I did not set it up. Wasted the opportunity.

One thing I learned is about time frame reference.
Before entering a trade, we need to identify the time frame that we want to refer to and stay with it.
We shall not change it as it will distrub our trading plan.

It is better to stick to the plan.
Let's wait for the next setup.

Trend AnalysisWave Analysis

Disclaimer