This Week's Outlook
Hello, this week as well, we will suspend another article post titled "Everyone Loves USDJPY" just like last week. It’s year-end. Also, only December remains. In other words, those who trade USDJPY are likely just holding from above to capture the decline from last week. (Last week, USDJPY fell.)
It’s about time to close positions. Some traders decided to do this before Thanksgiving, as early as last week.
Like me, there are traders who stopped posting "Everyone Loves USDJPY" since the week before last.
This week as well, using Method 503, we achieved 100 pips profit from USDJPY!
Method 503 aims for 100 pips not only in event markets but also in normal times, so I think there’s no need to force participation during events. If you enter at the original entry point, the price may briefly pull back past the target level, so you should consider taking a somewhat wider entry and stop-loss range than usual.
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Well then,
This week's currency pairs from the perspective of Method 503.(We are listing currency pairs with relatively smaller price movements higher.)
NZDJPY AUDJPY CADJPY USDJPY EURJPY CHFJPY GBPJPY | △ △ △ 〇 × × △ | AUDCHF CADCHF AUDUSD NZDUSD AUDCAD AUDNZD | 〇 〇 〇 〇 〇 × | EURGBP EURCHF EURUSD EURCAD EURAUD EURNZD | × × △ 〇 〇 × | GBPCHF GBPCAD GBPAUD GBPUSD GBPNZD USDCHF USDCAD | × × 〇 〇 〇 × △ |