How far will the euro/yen fall?
On 10/6, in the online community "The Path to Becoming a Part-Time Pro Trader," we touched on the decline of EUR/JPY.
Good morning. If you are reviewing the overall analysis for the corrective course, please try analyzing EUR/JPY if you have some time. In terms of correlations, on the daily chart EUR/USD is selling, and the USD/JPY range is wide, so EUR/JPY’s decline has become stronger. If USD/JPY falls, EUR/JPY will fall sharply. In fact, this EUR/JPY has stopped at the high of 188.220 hit in May 1990 on the monthly chart. From the May 1990 high, it took about ten years to fall nearly to around 90 yen, nearly a 50% drop.And it has taken more than 30 years to reach its current position.Whether this will be a 50% decline is unclear.
Perhaps we should also consider the possibility of it breaking through here and moving into the 200-yen range. First, think about a position where it seems likely to stop, and how you would enter a sell if that happens.
I was sharing this.
Currently, EUR/JPY has fallen about 1100 pips from its peak of 188.220.However, that does not mean you should just blindly sell.
If it enters the buying area of institutional investors, there is usually a rebound.
This method analyzes that.
Look for buying opportunities in advance.
If you know the buying area, you can set up selling up to that point.
This is the original pre-emptive trading.
Now, how would you trade, everyone?
※3-month course has started to show effects, and we will raise the price for the remaining 3 participants..
---------------------------------------------------------------------
https://www.gogojungle.co.jp/info/23491?via=notification
---------------------------------------------------------------------
Second installment following RCI high-probability scalping!! https://www.gogojungle.co.jp/tools/ebooks/76574
【Proto-Trader Development 100-Strike 3-Month Correction Course】
Trade with the same view as the world that institutional investors are watchinghttps://www.gogojungle.co.jp/tools/rooms/74700
---------------------------------------------------------------------