March 2, Today's USD/JPY Trading Strategy
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Good morning, everyone.
This morning's early movement was written as an article describing what would happen if a war did or did not begin, based on reading yesterday's article.
I thought the yen would strengthen moderately if Trump started a war, but it is moving in the direction of a weaker yen.
This is something the market will decide, so there's nothing we can do about it, but if this war lasts as long as Russia vs. Ukraine, wouldn't Japan face high crude oil prices and extreme inflation?
The only remaining path is self-sufficiency in regional areas and a relaxed FX trading lifestyle.
Or a relaxed FX trading lifestyle while living in a high-rise in Tokyo.
A half-hearted life might disappear.
To be prepared for whatever may happen, you should improve your trading skills.
Rather than relying on signals, EA, or others, you should acquire the ability to win with your own skills starting now.
Dollar-Yen daily chart MT4
(In MT4, the number of daily bars may differ)
It has been rising with the yellow ○ gap opened last October left open.
The trend becomes visible with either updating red or blue ○, but there is also a possibility of continuing the white □ 5-yen range.
The direction may become clear at the next FOMC and Bank of Japan meetings.
There is a gap between the BOJ and the government of Kishida, so if a surprise closes that gap, it may move like a big move.
Well, let’s call this an entertainment.
As written in yesterday's articles as well, the one-hour billion-trading chart's first-goal is around 15700.
It’s almost at the point of updating the recent high on the 1-hour chart.
Next should be around the 157 middle.
My current stance is to “wait and see.”
If there is a pullback to 15640 after touching 15700, I would like to initiate a long/short reversal on the 1-minute chart, but I would prefer to sell high if possible.
I need a little more time to judge this situation.
In such times, perhaps it's best not to force positions.
On the 1-minute trading line, a “short line can be drawn.”
What will happen at the Tokyo noon rate…
Anyway, for traders who want to succeed in trading, who want to live off trading, my recommended product that can be learned through self-study is this trading technique below:
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