June 9 Trade: AUD/USD Short

I uploaded the live trading demonstration from June 9th to YouTube.

As I mentioned earlier,short on AUD/JPYis what it is.

USD/JPY is moving in a range. It rose and fell around the level that was watched during intervention,

and the Cross Yen itself remains a bit difficult to trade.

However, it’s noon Tokyo time, so price movement is slow. When movements are slow, there is also a risk it won’t break through and will revert...

Entry Decision

In the environment recognition MA, the 4-hour MA is downward. There was a moment when the 15-minute and 1-hour MAs briefly moved above and then came back down.

The MA turned blue and then gray, so it felt a bit early...

Based on experience, I entered here.

I aimed for a short position. With a Pivot break, I took the bet.

Because it’s a 5-minute chart, a stop on a break above the MA would be fine, but I intended to hold up to the recent high.

Since it’s Tokyo time, there isn’t much chance of a clear trending move in either direction, and there was a clearly noticeable low price level below, so

I took profits around 5 pips.

Because of family time and other commitments, I can’t trade at night often, so I end up trading mostly during this time.

If you don’t mind, I’d be happy if you take a look.

We’re also looking for fellow traders to join us (^_^♪)