This week's outlook
Hello,
"This Week's Outlook" will also be on hold for this week, continuing from last week.
The reason is that this "This Week's Outlook" is published as a supplement to the "503 Method."
As Purchasers may already know, you have already identified the areas to watch and are prepared for entry. In fact, as of last week, some people may have entered from those points and already achieved 100 pips. (It's easy to gain 100 pips when you target the moment the trend changes. If you investigate other currency pairs on your own, you may gain confidence.)
This week, as last week, a rapid market movement is expected. Large fluctuations influenced by factors such as partial shutdowns of U.S. government agencies and the uptrend following the result of Japan's leadership election can be seen on the weekly and monthly charts. (Next, there is still room to fall and also to recover more than 100 pips upward, so a sharp decline might occur as the trend moved downward.)
Therefore, considering the potential for unclear market direction and unstable price movements, we have judged that the best course this week is to refrain from taking new positions and to observe instead.
On the other hand, the popular "Dollar-Yen" post is planned, so although it is a paid series, you can read the free portions as far as they are published.
(We expect to post today or by tomorrow at the latest.)
The 503 Method is capable of targeting 100 pips not only during event-driven markets but also in normal times, so we do not think it is necessary to participate forcibly during events. If you do enter at the original entry point, price may briefly exceed the target level and then pull back, so you should consider setting entry points and stop-loss widths a bit wider than usual.
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For those who are busy but want to achieve results with FX on a daily basis.
Product: E-book『503 Three Easy Ways to Earn 100 Pips Even for Busy People』
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