Prop trader training community 1/4
This is content shared within the prop trader training community.
As of 1/4, this is the USD/JPY.
Those participating in the community can view it in real time.
USD/JPY analysis. It is still moving within a range. At the current moment, on the 4-hour chart, there appears to be a gradual upward pressure. If the purple trendline is effective, it is expected to breakout upward while forming an ascending triangle. (green line) If this trendline is not effective, it will break down and return to the range. Personally, I find it easier to see if it forms an ascending triangle. Whether this trendline is effective seems to be the key.
Following that, content as of 1/6.
USD/JPY seems to be reacting to the trendline we mentioned. On the 5-minute chart, it has broken through a short-term trendline, so we are targeting a pullback entry. An ideal entry would be to go long with a circle, but if it forms this pattern again, it is okay to buy at that point as well.
※ The entry method is related to the logic, so it will be omitted from Investment Navigator.
The logic in this community offers a very high risk-reward approach.
Chart as of 1/7.
What matters more is money management than the method.
Most people who exit are unable to manage their funds properly.
If you can manage funds, you can aim for a risk-reward of 1:2 or better from high-expected-entry points.
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