USD/JPY exchange rate turning point
Yen depreciation, whatever is done, yen depreciation. Wherever you buy, profit; a good market had lasted long.
After the Bank of Japan briefing yesterday, after 4:00 PM,Intervention?there was a drop that made one want to say so.
It didn’t look like intervention because it wasn’t pushing the rate down hard,a market full of suspicioncontinued.
Of course, it was late and there was no progress, so I went to sleep, but woke up surprised in the morning260 pips plunge.
Until now,the long-term rise may be over for nowperhaps?
Then is it a downtrend? Fundamental factors still fail to dispel concerns about the fiscal situation of the Takahashi Cabinet,it is a downtrend that follows technical rules only, I think. In other words, it’s not that selling will drive it down endlessly, but rather it will fall while testing rebounds and repeatedly confirming that it cannot rise further.
Specifically,Fibonacciandcandle pattern formationwill be monitored andshort positions should be taken appropriately.
Are you aware of chart patterns and price action when it goes down?
Now is the time to study past charts to know when a big drop occurs.
If you sell without knowing anything, you’ll hit many people’s take-profit points and it will reverse.For those who don’t want to think, justkeep lot sizes smalland focus on shorting.When it retraces, it surprisingly comes back quite a lot.That’s why many lose.
However,how far it retraces and stalls before dropping again, andif this chart pattern appears, short it, if pre-understood, there is less risk of a rise, making it possible to gain larger profits with bigger lots in a shorter time.
That said, reviewing past charts requires a lot of effort.
Here are three easy methods to grasp past charts quickly.
① First, chart auto-play.
It’s easy to search for the moment of decline by simply autoplaying.
Chart Auto Flowisspeed-variableandplays, reverse playsare excellent features.
With high speedyou can automatically replay years of charts in one go, and you just stop at points you’re interested in.
With low speedandsimulationyou can establish a comprehensive validation in real-time.
Chart Auto Flow
MT4https://www.gogojungle.co.jp/tools/indicators/74453
MT5https://www.gogojungle.co.jp/tools/indicators/74454
（The control panel in the video is the initial version; it has evolved, please check the product links for updates.)
② Next is focus shifting.
For example, on higher time frames like daily or 4-hour, you can search for a big drop, but when you switch to 5-minute charts, doesn’t the chart screen seem unrelated?
Focus Time Lineis, once you decide the time point to focus on,no matter how you move the chart, what time frame you change to, or how you zoom in/out, you can return to that time point with one click.
Furthermore, with MultiLines mode, you can check multiple high-time-frame points where large rate movements occurred, and then switch to 5-minute or other lower-time-frame charts to continuously focus on those pointson the chart screen.
This is the main advantage of this tool.
Focus Movement in Multi-Time Frame (MTF)is easy to perform.Multi-time analysis is instant.
Prepare multiple charts with different time frames. On any chart, decide a time point to focus on and press the focus button, and all charts will simultaneously shift focus to the same time moment. (Mode: SnglSync)
Focus Time Line
MT4https://www.gogojungle.co.jp/tools/indicators/74450
MT5https://www.gogojungle.co.jp/tools/indicators/74451
（The control panel in the video is the initial version; it has evolved, please check the product links for updates.)
③ Next, we introduce Chart Auto Flow Focus Edition, which can also auto-play charts and move focus.
Chart Auto FlowandFocus Time Linearefully integrated tools. With this single package you don’t need anything else. The explanations are as above in ①②.
Chart Auto Flow Focus Edition
MT4https://www.gogojungle.co.jp/tools/indicators/74268
MT5https://www.gogojungle.co.jp/tools/indicators/74295
（The control panel in the video is the initial version; it has evolved, please check the product links for updates.)