here we see a perfect set up, like last trade hit my tp. this one is going to be a long trade to buy its already at a 50% fib on the daily impulse. we see more confluence with the 200 ma way above the price its at right now signaling a buy, im definitly buying when the market opens!!!!
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...
