What will the USD/JPY move this week?
GogoJan President Hayakawa and my interview VTR can be viewed here
Good morning, everyone.
This morning's USD/JPY gap opened a little higher.
There isn't much impact.
This week there are quite a few US indicators, so during NY time I think there will be movement.
That said, US indicators are only like doping, and I think the market is moving to a different result.
The Nikkei average is continuing to rise as usual.
Amazing...
Seven hundred thousand yen is in sight.
Let's look at it from a slightly different perspective.
If the government's policies and measures unfold as expected and succeed, the economic situation will improve.
Then, I wonder if stock prices as a whole will genuinely improve and rise sharply.
That might be the real new world empowered by a bubble, I think.
If so, depending on the method, the compounding effect of positions could be expected, and funds could explode in growth.
If that is the case, at core it seems best to go long, but trading isn't that simple＾＾
In FX,
sell high and buy back low
buy low and sell high to exit
Isn’t it just about executing the basic trading principles?
USD/JPY daily chart (MT4 count)
“Buy low and sell high to exit” occurs in scenes like the blue □.
It's a daily chart, but the view on a 1-minute chart doesn't change much.
If this scenario remains valid going forward, we must decide in advance “what methods” and “what techniques” to attack with.
If it were me...
FX trading, an unusual hedging
or,
the scene where the blue □ zone reaches and then rises
new billionaire trader scalping
I would attack with
It's a simple story.
Past patterns rarely move the same way, but patterns do exist.
What I think the pattern is here is where it eventually becomes a lower wick or upper wick.
In short, where that point is, is important.
These can be judged from past charts, so you can anticipate where to wait.
It's only a projection, but if you take action, results will come, so you need the “means” and the “methods” to take action.
This week, will it break up from a red □ zone and break the white horizontal line upwards?
If it breaks, will a 100% pullback complete, and if it rises, that’s how I’m viewing it.
I use around 61.8% as a rough guide for declines.
That area overlaps with the Billionaire Trader line, so for now I expect a bounce.
I'm curious how the market will actually move, but as a trader, the question is whether I can continue daily activity as usual.
Whether I can keep repeating the same actions consistently is, I think, the key.
Thank you for today as well.
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Yesterday, the Nikkei also held at 65,000 yen.
I’m really looking forward to seeing what happens next, it’s exciting indeed ^^