[July 7 (Tue)] Today's Target Currency Pairs [USD/JPY, Gold, etc.]
Hello!
This is Ponta the Tanuki Trader!
I will explain today's target currency pairs. Today, because the overall trend is dollar strength, I would like to first look at the rise in USD/JPY. Yesterday, USD/JPY rose in line with the dollar strength, forming a solid bullish candle.
Long term, it remains in an uptrend, so inspired by yesterday’s bullish candle, I will watch on the 1-hour chart whether the downtrend can shift to an uptrend.
The point I want to focus on especially is the return high line in the 1-hour downtrend.
If this line is clearly broken, the bias will more easily turn to the buying side.
However, even if it breaks, we should not jump in immediately;
wait for a pullback to form, and see whether a buying pattern appears.
In other words, USD/JPY will:
Break above the return high.
Then create a pullback.
Then show an upside pattern again.
If this flow can be confirmed, I will consider a buy trade.
And another focus is GBP/JPY.
GBP/JPY shows price movement similar to USD/JPY, and yesterday also formed a solid bullish candle.
Currently, in addition to dollar strength, the pound also seems to be showing strength. As a result, GBP/JPY is also in an upward trend. The target here is to buy on a pullback after clearly breaking the previous day’s high. Instead of buying immediately after breaking the high, wait for a pullback, and if a renewed rise pattern appears, I plan to prepare to buy. Today, USD/JPY is a pullback buy after breaking the 1-hour return high. GBP/JPY is a pullback buy after breaking the previous day’s high. These two will be our main focus. Both have a buying bias, but the key is not to rush in. After breaking above, wait firmly for the pullback. Only target when the pattern is ready. Let’s watch with this awareness. Now, today as well, let’s trade while waiting for opportunities without rushing.!
We have uploaded many past verification videos.
Please also check the Investment Navigator summary article and YouTube!
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Tendai Navigator Verification Summary
Current monitored currency pairs are 10 pairs
◾️ Cross yen
USD/JPY, GBP/JPY, EUR/JPY, AUD/JPY, NZDJPY
◾️ Dollar straight
EUR/USD, GBP/USD, AUD/USD, NZDUSD
◾ Commodities
XAUUSD
We have also uploaded verification videos.
Please check them out!
Capturing the initial move of the trend yields larger profit margins.
Let's keep up the effort next week as well!
↓↓↓ Trend following Final form “Divine Mark” is here↓↓↓
↓↓↓Indicator highly acclaimed on GoGoJiang is here↓↓↓
↓↓↓For scalping indicators, click here↓↓↓
【Ponta Simple FX】“1-minute scalping discipline” + “Scalping Indicator” + “Auto Close EA” Set
Past verification videos on YouTube‼︎
The method uses the superiority of pullbacks and selling at higher timeframes in the direction of the higher timeframe.
Even with just one currency pair, the monthly average has exceeded 200 pips consecutively!
↓↓↓ Trend following Final form “Divine Mark” is here↓↓↓
↓↓↓Indicator highly acclaimed on GoGoJiang is here↓↓↓
↓↓↓For scalping indicators, click here↓↓↓
【Ponta Simple FX】“1-minute scalping discipline” + “Scalping Indicator” + “Auto Close EA” Set