The scenario we expect in the future is - Navi+ - GogoJungle | Auto Trading - Market Analysis

In the previous article, the point I went long on was the yellow arrow.

I took profit at the pink horizontal line, which was the target for the five-minute high.

If you view this on a one-minute chart, it fills the zone described manually, but afterward it continued to rise without dropping.

For the scenario I’m looking forward to toward the London open, I would like a pullback during a brief correction to form a basing point.

This is the area drawn with the red line.

Then I want to catch a re-acceleration signal (around the blue arrow).

Alternatively, if it breaks the pink horizontal line again, a new zone will be found (blue frame).

There’s even a possibility of a full retracement during Tokyo time.

But I’m not sure how it will actually go.

Around noon, I think it might stay in range for a while (orange wavy line).

If that happens, there’s no need to force trades, right?

For the time being, it’s best not to touch it for a while, going forward.