6/16 USDJPY, BTC market FX Plus 369
Dear readers, good morning ^^
I am Ai, the self-proclaimed number one disciple of 369-sensei ♪
First, let’s look at today’s BTC market ♪
EMA settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
BTCUSD is maintaining a rebound trend ♪
On the daily chart, after a large decline, the retracement continues, and it rose to around the 20 EMA yesterday.
The 75 EMA remains significantly higher, indicating the long-term downward trend is still in effect, but there are signs that the selling-dominated flow is starting to change a little ^^
On the H4 chart, there was a strong rise that broke above the 20 EMA and 75 EMA.
After that, there has been some profit-taking, but price remains near highs, showing a pattern of looking for a pullback ♪
RSI has also recovered to high levels, indicating strong buying momentum in the short term ^^
Next is USDJPY ♪
USDJPY is in an uptrend, but the pullback looks a bit stronger.
On the daily chart, it is trading above the 20 EMA, and the overall trend remains upward.
However, on the H4 chart, after failing to make a new high, selling pressure has intensified, pulling it back to around the 20 EMA.
In the short term, there is a clash between buyers and sellers ^^
Seeing this kind of market,
many people
think “Is it a buy now?”
“Or is it a sell?”
and only worry about the direction.
Of course that’s important.
But,
when you trade for a long time,
you realize there is something even more important ^^
That is,
understanding how your funds grow
over time.
Acquire good methods.
Learn good entries.
This is, of course, important ♪
But,
even with the same method,
the results can vary greatly among people,
due to differences in how you manage funds ^^
I have watched markets for many years,
and those who accumulate profits do not neglect money management or lot sizing.
Rather,
they regard money management as just as important as the method ♪
When we say “lot control,”
it’s often imagined as protecting yourself,
but it is a technique to increase funds ^^
So I think
it is essential to learn both method construction and lot control together (`・ω・´)
To accumulate profits in the market over the long term and
to grow your funds,
this is an indispensable way of thinking ♪
Details here ↓
https://www.gogojungle.co.jp/finance/navi/articles/113407