Multi Time Fram Setup example GOLD (XAUUSD) 10-09-2024 16:30 IST

Sep 19

Previously I posted one MTF setup in NIFTY, but was unable to add snaps in the chart.

I am posting now one setup in forex Gold. wich I recently found.
TIME Frames in Play : H4 and H1, and M15
1 Daily CS (candle stick) represents H4 structure or Trend.
1 H4 CS represent H1 structure or Trend.
1 H1 Cs represent M15 structure or trend.

H4 Breakout was Buy Direction,
Price came pull back by breaking H1 low,
again gave H1 break high. (Control) confirmation of continuation of Direction.
After confirmation price came back and gave M15 break, for entry. Price came twice to entry point and flew.

Hope you can understand . Let win together!!

Sep 19

Comment

Notice 1 , 2 and 3. This is your setup.

don't have to wait for daily, you can follow this same for any 3 TF.
according to you TF, you manage you expectation and range ,from the trade.
Good lock!

Sep 19

Comment

after 1,2,3 if you zone is too big.
you can go to one more TF low and find nested zone.
If you 3 is H1. go to M15
and fine M15 (1,2) there will already there. Just use that zone for you entry small risk.
just entry there no need to wait for break of structure again.

If you want to wait, wait.. wait makes you a better trader.