This week's USDJPY strategy
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Good morning, everyone.
This morning's USD/JPY moved into the gap that formed from last week's price gap.
USD/JPY MT4 1-hour chart
In the above chart, it is the yellow boxed area.
Thanks to Trump’s criticisms, the market is in confusion.
Volatility is a good thing, isn’t it?
Recently, there is a tendency for the day to be either all selling or all buying, depending on the trend.
This morning it feels like it has touched a temporary peak, but I see room for a full recovery approaching the red horizontal line price, so I expect it to rise up to that level.
Whether the decline will break below the blue horizontal line, or not.
For all billion-dollar traders, at this point USD/JPY 1-hour chart is a buying trend, so after the 1-minute chart of billion-dollar traders shifts from selling to buying, it would be good to take long positions.
Recently, London hours have been quiet, so after returning home, from the start of the NY market to around 26:00 after London FIX, it’s a good trading environment.
Professional or semi-professional traders should focus on watching the 1-minute chart at the start of the Tokyo stock market today.
Now, with stock prices high, there are TV commentators saying it could reach 50,000 by year-end, etc.
Nobody knows what will happen 11 months ahead, yet they say such things...
I think.
Whether stock prices rise or fall, it is not a big issue for FX traders.
Ultimately, as long as movements occur, whether stock prices are high or low, or a XX shock happens, please come if it’s coming!!
That’s the feeling.
Whether Billion-Dollar Traders feel so or not, recently the 1-hour Billion-Dollar Trader chart is being moved by the 1-minute Billion-Dollar Trader chart.
If the 1-hour Billion-Trader chart is a buy, wait for a pullback on the 1-minute chart, then target taking a long position when the 1-minute Billion-Trader chart flips to buy.
It’s easy to understand.
That’s when you make big bets and earn big profits.
There are times you lose or cannot trade, so the iron rule is to earn when you can.
Anyway, for traders who want to succeed in trading and make a living from it, the product I recommend—also something you can learn yourself through self-study—is this trading technique below:
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