10/9 Today's USD/JPY Strategy
Reviews & videos can be viewed here
Good morning, everyone.
Yesterday's dollar-yen movements showed about a 1-yen range.
Price topped out then fell, price bottomed and rose—the so-called reversal mode.
Dollar/Yen 1-hour chart & 1-minute chart
Today we will watch whether the 1-hour yellow □ zone breaks or whether it continues as is.
However, if you take positions near the center of the price, like a white horizontal line, a difficult development is expected, so preferably I’d like to consider positions near the top or bottom of the yellow □ range.
Yesterday I was able to take a long position at the edge of the red 〇 on the 1-minute chart and take profit.
When I looked at the chart, it was already in a blue ↓ down phase that had consumed the white □ zone’s major trading line, so I passed and waited lower.
That’s the red 〇 L position.
The reasons for the win are
・Patience to wait down to the bottom
・For red 〇 positions, where to place the stop loss
This caused the pulled-in position to become profitable immediately.
Recently on the 1-minute chart, after a clear sideways range, a trend follows, so if you monitor the timing of the 1-hour chart’s time-change moment and the buy/sell turn on the 1-minute chart, I think you won’t lose.
Is the 1-hour chart about to trend downward?
I’ve been thinking that, but perhaps I’m too biased not to drop yet?
Will it reach the gap at 14,900?
I’m considering many things, but as stated at the beginning, it seems necessary to first see whether the yellow □ zone breaks.
What I, as a trader, would recommend are the following three products.
New Scalping for Million-Dollar Traders: Increase in Volume
FX Trading: Not Your Ordinary Hedging
Explosive Indicator: Turning into a Winning Trader
That’s all.
Thank you for your continued support today as well.
× ![]()