2026/08/12 Eurodollar Yen-Chart Analysis

This is the four-hour chart of the Euro-Dollar.

The four-hour Elliott wave is currently the C wave of an uptrend Elliott wave.

The four-hour cycle isthe red lineas the starting point, and we are currently viewing 66 scenarios.

In the four-hour cycle,the green linehas its high at the 49th instance, so this four-hour cycle is likely to form a light translation.

Therefore, within this four-hour cycle,the red linewill not be broken.

The four-hour cycle is currently at 66 bars and in the bottom time, and the four-hour Elliott wave is also C wave, so it is ready to form a bottom at any time.

So please keep watching the four-hour cycle bottom with a healthy degree of doubt.

The red lineis where the major cycle begins to shorten, and the current four-hour uptrend Elliott wave corresponds to the third and fourth waves of the daily uptrend Elliott wave.

Therefore, the bottom of this four-hour cycle becomes the low of the daily Wave 4, and with the daily Wave 5 rise ahead, the next four-hour Elliott wave will also form an uptrend Elliott wave.

If the four-hour cycle does not form a light translation, the four-hour uptrend Elliott wave cannot be formed, so the next four-hour Elliott wave is expected to form a light translation as well.

The monthly Elliott wave is currently the fifth wave of an uptrend, and the monthly Wave 5 forms within the weekly Waves 1–5, with the weekly Elliott wave currently being the first wave of an uptrend.

From this situation, the medium to long term trend remains up.", p>

From the above, I am viewing the market with a buy bias from short to long term.

As a trading strategy, I am aiming to enter long near the current four-hour cycle bottom.

Place a stop loss for the long position at a price that breaks below the four-hour cycle bottom.

Current positions.

The additional short in the cross yen pair was stopped out at-27 pips.

The Nikkei average (72373.37) has already taken profit on 50% of the short position, so in the future even if the stop is hit, there will be no negative impact on funds.

The current unrealized profit is+11,321 pips?

The four-hour cycle of the cross yen is about to top out, so I am aiming for a short entry, and the dollar/yen will soon form a four-hour cycle bottom, so I am aiming for a long entry.

I don’t have high expectations, but I would be glad if there is movement in today’s US CPI release.

After the currency intervention, honestly there are still elements of uncertainty in the scenario, so I hope this is resolved soon.

All I can do is wait for the market to move, so I will wait calmly.

As of 2026, accumulated profit is+3,913 pips❣️