Prop course: everything except Euro/Yen is as expected

This is the content shared within the actual community. We post like this on a daily basis.

First, open a 10 million yen demo account and undergo training.

The margin risk is about 1% (about 100,000 yen for a 10 million yen account), but even within this week we have captured several hundred pips (equivalent to tens of thousands to millions of yen).

This is a recap of this week. [GBP/JPY] In the end it rose to 212 yen. Those who entered at the circled point have captured up to about 130 pips at most. I closed around 60 pips. If it continues rising, it seems to form an ascending triangle, so like gold, if it breaks upward I would aim for a long on pullbacks, or draw a lower-timeframe mini-trendline and go long if it breaks, as an option.

（I will omit the entry logic on lower timeframes。）

【Gold

（I will omit the pullback timing）

【EUR/JPY】 This did not go as expected. When looking at the USD/JPY rise, it feels like there is strong yen selling and dollar buying. The head-and-shoulders pattern has an increasing right shoulder. If you connect the necklines (purple line), there are points that align, but currently it is rising past those. Another view is that it is moving within a parallel channel. If buying on pullbacks, it would be after a pullback from ***(a reference)***.

【USD/JPY】 As expected, it has broken out of the ascending triangle and is rising. Looking at the breakout on a lower timeframe, it is forming a pullback. From the current position, to achieve an RR of 1:1, it is about *** pips away from the recent low, so the exit would be around ***.

Finally【EUR/USD】

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Prop Trader Training Course

https://www.gogojungle.co.jp/tools/indicators/72305

A community course aiming to become a prop trader over a coffee budget.