Are you looking at the chart flexibly and from multiple angles?
Gogo Jan President Hayakawa and I's dialogue VTR can be viewed here
Good morning, everyone.
This week, the USD/JPY has been in a continuous range.
Looking at the 1-hour chart, it falls on dollar strength due to yen intervention, but resumes a gradual uptrend with a full recovery momentum until today.
In other words, we are in the midst of trend → range → trend.
I think you can read the chart as such.
Currently about a 70% retracement.
Now this range, with a small price range, is in a strange market where abrupt drops and surges occur due to Iran-Trump developments.
For example
Negotiations between Washington and Tehran are in their final adjustments...
Trump's administration says an agreement with Iran is in the final stages...
Such news causes sharp fluctuations and unpredictable charts, demanding instantaneous trading.
USD/JPY 1-hour chart
Is like a scene with red and blue circles.
If it were me, in such a scene I would
Since either direction could work, I would first try a counter-trend entry.
You usually win.
Last night, especially because Tokyo’s highs and lows were on a flat line, it was easy to predict.
When I am looking at unclear charts like now, I focus only on the following scenes.
• Tokyo stock market open
• Tokyo prefectural value
• London stock market open
• New York stock market open
Especially right after London stock market open yesterday, the price crossed the red horizontal line, but before thatStellar Trader Charthad already shifted to a buy, so I could confidently aim for the red horizontal line break.
Immediately after each stock market opens, in simple terms, money from around the world starts flowing all at once.
It is a moment of high volatility.
Stellar Trader Chart should tell you that in advance.
It tells you, and if you look carefully, there is a small range just before that that could become a breakout indicator, or perhaps it will surpass it?
There should be charts that trigger such thoughts.
The key is not to miss that in daily trading.
Yesterday the price range was relatively small, but the approach remains the same even if the range expands
This investment guide has written many times that how much you can tilt accidental wins toward your own favor is something you should cultivate, based on the Stellar Trader scalping.
The answer is in the charts, and you can only judge by charts.
The materials to judge it are all written in the Stellar Trader's scalping.
Thank you for your continued support today as well.
For traders who most want to succeed in trading, for those who think it would be great to earn a living from trading, this is the trading technique you can learn on your own ↓
At the 9 PM hour, during the G7 Summit, Governor Ueda's remarks caused USD/JPY to fluctuate wildly.