Yesterday the USD/JPY fell by 100 pips

Yesterday USD/JPY moved from a recently high levelby a drop of 100 pips.

I wouldn’t call it a crash, but given the recent trend of a weaker yen, if you had bought on every dip it would have been profitable at times, so some may have taken profits a bit larger than usual.

The yen will keep weakening until intervention!Indeed, there is such a future, and there is also a future where that is not the case.

I don’t know which will happen, but adopting that mindset is a stance and not inherently bad.

However, buying during a decline, thinking “now is the time to buy,” is very dangerous.

The more you think it will rise until intervention,the more it looks like a good deal when it drops, so you end up buying inadvertently.

But let’s wait.

At leastwhen it rises, a bullish candlestick will surely form.

Looking in real time on the 5-minute chart, it seems to form a bullish candle but ultimately closes bearish and continues to fall.

If you had waited for the confirmation, you could have bought at a more advantageous level... you wouldn’t have had to cut your losses...

That’s how it goes.

But it’s natural to feel that you can’t wait. Many people feel that way, so it’s not that you lack patience. However, as a trade-off, you may end up becoming part of the “90% of people” who lose money.

Just waiting for one bullish candlestick would have preserved your funds.
It’s frustrating to think that if you hadn’t been watching the chart, you wouldn’t have suffered any loss. Tomorrow you might have earned twice as much with that capital.


Just wait for the bullish candle confirmation, and you don’t need to look until then.

Set up a bull or bear candle and leave it running until an alert sounds. This way you won’t be swayed by short-term price movements.

When the alert sounds, consider it.

There are lives you can save for only 980 yen.

Candle confirmation alert. Limit losses, and when the alert triggers, use that capital to double your earnings.

It works on any timeframe, so if you don’t trust the 5-minute chart, you can set it to 15-minute, or prepare two charts and set each one. In any case, wait for the alert and then think.

Wait, Candle Confirm Alert MT4 (980 yen)
https://www.gogojungle.co.jp/tools/indicators/74840
Wait, Candle Confirm Alert MT5 (980 yen)
https://www.gogojungle.co.jp/tools/indicators/74579