This week's FX opportunity currencies 26.6.7
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Regarding the points I am implementing at my discretion, though irregular,
I would like to briefly explain this week's opportunity currencies and outlook.
If there is good reception, I would like to increase the number of explanation currency pairs and add multi-timeframe explanations as well.
By the way
the indicators are ones I developed for discretionary trading
・GS Multi-Touch Alert → alert notification when a line is touched
・GS Multi-Timeframe Candle → multiple higher-timeframe views displayed simultaneously
・GS Time-based Object Color Set → colors automatically change when a line is drawn, depending on time
・GS Currency Pair Switching → easily switch currency pairs with arrow keys
・GS Optimal Lot Size Calculator → automatically calculates lot size according to loss tolerance
is used.
Please use it as a reference.
Please use it as a reference.
Now then, here is this week’s introduction to opportunity currencies.
Following last week’s U.S. employment statistics results, there was rapid movement.
This week, I think we will see a pullback waiting scenario.
26.6.7 GBPUSD Yen.
Viewpoint:
・The green line is an important line drawn on the weekly chart (labeled W1)
・The red line is an important line drawn on the daily chart (labeled D1)
・The purple line is an important line drawn on the 4-hour chart (labeled H4)
・The red and blue bars indicate weekly chart view
・The S3 to the upper-right indicates that the 4-hour chart is currently in a descending wave three phase.
The trade style is to monitor the area near the lines and follow the direction of the decisive move.
Outlook:
・The current location is near the end point of the 4-hour chart’s descending wave three
This week,
・If the price stays near the lower arrow and shows a descending move, target a short toward the five-wave completion
・If the line near the arrow is broken upward, pull back toward the vicinity of the upper arrow and short there
I will provide a timing explanation separately if there is time