【11/5 Night USD/JPY】Moves between 157.4 and 158.7 yen, ends Wednesday around 158.4 yen | Structure of the market and nearest targets as seen on LIGHTHOUSE
LIGHTHOUSE (Light House)
Automating the interpretation of charts for at-a-glance reading.
This is a discretionary trading aid indicator that displays the direction of higher timeframes and the current candle, as well as new highs and lows, pullback and retracement zones, directly on the chart.
1. Latest Chart: USD/JPY 1-hour chart (to November 4 close)
First, view the current USD/JPY on a 1-hour chart with LIGHTHOUSE installed.
・In the upper left, both the higher timeframe (daily) and the 1-hour timeframe show a strong sell
・In the high-price area of the third dayHH, in the low of 4th day around 6:00,LL, and in the subsequent retracement peakLH has been attached
・Slightly below the price,Retracement zone, lower downSupport/Resistance turn zone is displayed
Recognizable price ranges (based on chart facts)
| 158.738 | High on the 4th day (around 1:00) |
| 157.395 | Low on the 4th day (around 6:00). The close of that day was 158.421 |
Other price ranges and the most likely targets in the near term are communicated in messages for buyers.
2. Past cases: LIGHTHOUSE sell signal scenarios
These are mainly past cases.They do not predict or guarantee future price movements. By adding LIGHTHOUSE to the chart, we illustrate how the movement looks after a sell signal in two scenarios.
Case ① October 22 (Thu) early: 5-minute chart
At 0:30 on the 22nd (server time), a sell signal appeared. From around 158.07 yen, the price then moved downward in a wave (red line), reaching around 156.85 yen by around 10:00 on the same day.
In the retracement peak,LH(lower high) was attached,LL(indicator of lower lows) continued to appear.
Case ② October 22 (Thu) evening: 5-minute chart
At 18:45 on the 22nd, a sell signal appeared. From around 157.08 yen, by around 3:00 on the 23rd, it had fallen to around 156.08 yen.
In the retracement peak,LH appeared,BOS emerged while lows continued to be lower, and at times it reversed from the low area.
※ Cases are selected for clarity. Not all signals move in the same way. Also, the positions and conditions where signals appear are not written here.
What LIGHTHOUSE shows
・Displays the direction of the higher timeframe and the current candle in five levels at the chart’s upper-left
・Automatically displays marks HH/HL/LH/LL and the BOS/CHoCH lines
・Shows retracement zones, support/resistance turn zones, and a range box
・Marks for peaks and valleys appear only after they are confirmed and do not move or disappear afterward (no repaint)
・The meaning of terms is displayed at the bottom-left of the chart, so you can learn as you view
For purchasers of LIGHTHOUSE
Daily price ranges and the nearest targets are provided in exclusive messages for buyers.
・This article introduces past price movements and does not predict or guarantee future movements. Please make investment decisions at your own risk.
・Prices and dates are based on the Bi〇〇 (demo account) MT4 chart (server time). May vary slightly by broker.
・LIGHTHOUSE is an indicator intended to assist market analysis and does not perform automated trading.