It all depends on what fit's your trading rules, there may be an opportunity to enter both, or price action may not give us the opportunity to enter either.
The larger pattern will of course require a larger Stop Loss so take that into consideration with your account size.
Have a great day.
Great to hear it has been beneficial.
Every month i analyse the Monthly, the same with the Weekly and Daily, once i have my have my overall direction i will then work my way down to the 4hr & 1hr TF's to execute.