This week's Outlook
Hello.
The shutdown of U.S. government agencies has been prolonged. Stock prices and cryptocurrencies are moving significantly and have fallen. While caution is warranted for further declines, foreign exchange currencies are also moving greatly.
Since the market seems likely to move in one direction, when a trend emerges, avoid counter-trend trading. Right now I think prices have paused as a pullback, so if the pullback is broken through, they will extend further in the same direction. You will be able to see this with the 503 method as well.
〇、✕、△ in a table, I plan to view it as usual without taking breaks (I was going to take a break again today as well).
The 503 method can target 100 pips not only in event-driven markets but also in normal times, so I think there is no need to force participation during events. If you enter at the original entry location, there are times when price briefly retraces beyond the target level, so you may need to place entry points and stop-loss widths a bit wider than usual.
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Well then,
This week’s currency pairs from the 503 method.(We list the pairs with relatively smaller values higher.)
NZDJPY AUDJPY CADJPY USDJPY EURJPY CHFJPY GBPJPY | 〇 〇 〇 △ × 〇 △ | AUDCHF CADCHF AUDUSD NZDUSD AUDCAD AUDNZD | 〇 〇 〇 △ 〇 〇 | EURGBP EURCHF EURUSD EURCAD EURAUD EURNZD | 〇 × 〇 〇 〇 〇 | GBPCHF GBPCAD GBPAUD GBPUSD GBPNZD USDCHF USDCAD | △ 〇 〇 〇 〇 〇 × |