This Week's Outlook
Hello, this is Black Cat 5x5.
Last week, I’m not sure if you can call it intervention, but USD/JPY fell by about 5 yen.
From now on, will many people be keeping their smartphones on at all times? They were saying “Don’t leave your smartphone!” with a笑.
Last week’s USD/JPY achieved 100 pips with the 503 method (upward move). And also achieved 100 pips on the downward move.
With the 503 methodas you can see at a glance, if you entered correctly, you can achieve 100 pips!I’m doing so.
By looking at the right places, you can tell the trend direction. It is currently downward. If it goes up, target a pullback and you may be able to enter.
If you close the price beyond the body of the candle where you should look, it’s a stop loss.
★ This week
This week, as they say not to leave your smartphone, perhaps if it goes to weekly and monthly timeframes, will it come from 148 yen to the 146 yen range? Given the current situation,if it moves smoothly downward, it can reach 152.500 on the D-axis(daily chart) up to there.
For now, since there is a rule, currency intervention counts as one when it lasts up to 3 trading days. It can be done up to 3 times in half a year, so this time perhaps two times and once done?
In the first place, was there a first time?? I don’t really understand...
P.S. I’ll put a notice toward the end!!!
If you just review the chart, you’ll immediately see that with the 503 method you can achieve 100 pips!
The 503 method is not limited to event-driven marketsand can aim for 100 pips even in normal times, so I think there is no need to participate aggressively during events. If you enter at the original entry point, sometimes price will overshoot and come back to the target level, so you should be a little more flexible with entry points and stop losses than usual.
⇧, I have also proven what I wrote before.
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Well then,
This week’s currency pairs from the perspective of the 503 method.(Arranging currency pairs with relatively small values upward.)
NZDJPY AUDJPY CADJPY USDJPY EURJPY CHFJPY GBPJPY | △ △ △ 〇 〇 △ 〇 | AUDCHF CADCHF AUDUSD NZDUSD AUDCAD AUDNZD | 〇 △ × △ △ △ | EURGBP EURCHF EURUSD EURCAD EURAUD EURNZD | △ △ 〇 〇 〇 〇 | GBPCHF GBPCAD GBPAUD GBPUSD GBPNZD USDCHF USDCAD | △ △ △ 〇 △ 〇 〇 |