JPYUSD – Check on 240min Chart

As I said in the post below, you should always check the larger degree trend. Please see the chart to the right. Do you all see how the Typical Wave 3 WPT target was “in the same area as” the DP target on this 240min chart. Therefore you should have been looking to run your 60min long into this larger degree target.

This is how “multiple time frames fit together”, and as such was one of the reason to run your 60min long into the higher (Wave 3) price target...

Thanks, Steve