From ceiling to floor, solidly catching it! Earned 65 pips on a USD/JPY retracement sell!
Previous articleAs introduced, the USD/JPY on November 25 looked at from both fundamental and technical perspectives,presented a favorable environment for a selling rallyto occur. This time, using a combination of the Tenkan Eye indicator and Order Book, we captured about 65 pips from near the top to near the bottom in a trade.
Market environment on this day
The fundamental factors I was watching as the backdrop were as follows.
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Weak US indicators
→ The dollar tends to have limited upside -
Expectation of rate cuts
→ It’s difficult to aggressively buy the dollar -
Caution toward Japanese monetary policy
→ One-sided selling of the yen is unlikely
As a result, the USD/JPY struggled to move higher, and rebounds were likely to be sold, creating a favorable environment for selling on rallies creating a favorable environment for selling on rallies.
Why did we sell at this timing?
We used a combination of Tenkan Eye indicator and Order Book.
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Tenkan Eye indicator
Unlike simple oscillator-type indicators, it uses a special algorithm that precisely identifies tops and bottoms for rallies and pullbacks. This time as well, we captured a signal on the chart that suggested a potential reversal. -
Order Book
By capturing order characteristics, we avoided noise and achieved a high risk-reward setup.
By combining these, we established a relatively simple and reproducible sell-on-rally strategy.
Trade point this time
The key points of this trade were threefold:
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Fundamentals: A market environment where selling on rallies works well
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Tenkan Eye indicator: Visually confirmed the end point of the rally, ensuring volatility and trend
-
Order Book: Pre-identified price range (potential move) and risk-reward
This allowed entry based on logic rather than intuition, and made take-profit and stop-loss decisions less prone to deviation, resulting in a trade with conviction.
▶ For those who want to stabilize trade quality
High reproducibility of entry points
Alerts guide you even without being glued to the screen
When volatility is low, it’s easier to decide not to trade
Less likely to miss the moment to ride the wave
After reading this article,
you may think, “I want to enter at this timing, but I’m actually hesitant…,”
and this method may be especially compatible for you.