USD/JPY long, stair step trade at a retracement
H4 - consolidation (yellow lines)
M30 - uptrend (red line). Waiting for a retracement to go long
Entry - stair step trade (61.8 + structure on a M5 chart)
Stops - below previous structure support
Profit - previous structure highs + 1.272 + 1.618 extension
P.S. I am expecting a retracement due to the fact that the market has violated the M5 trend line and is now in consolidation. I did not include this in the chart to make it easier to view
M30 - uptrend (red line). Waiting for a retracement to go long
Entry - stair step trade (61.8 + structure on a M5 chart)
Stops - below previous structure support
Profit - previous structure highs + 1.272 + 1.618 extension
P.S. I am expecting a retracement due to the fact that the market has violated the M5 trend line and is now in consolidation. I did not include this in the chart to make it easier to view