[Dollar/Yen Decline] Market Environment Recognition Method Using Winner on 12/3
Thank you for your hard work＾＾
The USD/JPY is moving today as well＾＾
Let's start with a recap of yesterday's strategy!!
Yesterday, I said that if there were signs pointing to selling the dollar, I would enter cautiously!
If a downside signal appeared on the 1-hour chart,
even holding a long position for a while could be okay.
As a result...
It followed the signals perfectly!!
Thank you!
I am glad to hear from many readers that they took the trade on the second wave as well.
Now, what will happen today...;
let's talk about it!!
First, as I mentioned yesterday,the 1-hour chart's Winner second wave lights upwhen that happens
I predicted a trend reversal on the longer time frame
in other words, the start of a downtrend.
And looking at the current chart...
As per the trend-reversal scenario
the 1-hour chart shows the second wave of Winneris visible
In that case, I will enter selling even if it has to be somewhat forceful
Today I have already taken profits on dollar selling (about 10 pips), but I will enter again if opportunities arise
When there is a chance, what exactly does that mean...?
Of course, a second wave formation of a downtrend signal!
Right now, the 15-minute chart looks like this
With an initial upper signal,
and the selling signal for the first wave has already lit up
Whether the second wave will form after this
oran alternating up-down signal occursis something I will monitor closely
In any case, we should wait for a rise first
otherwise no selling signal will appear
so it’s a short break time...
However, this one-hour downtrendwill not last longI believe
The reason is
on a daily chart
there is still a high possibility that it is a pullback in an ongoing buy-trend
Until a daily chart trend reversal is seen
selling requires the utmost cautionthough.
If you get carried away and sell without any basis...
you might see a sharp rise by tomorrow morning!
So be careful!!
By the wayIf the daily candle body falls below 108 yen,
I think it’s fine to aggressively sell.
Until then, it might range or continue a buying trend...
That said, on the 1-hour chart, there can be a temporary
strong selling pressureif the second wave forms on the 15-minute chartthen
that would provide solid selling justification
However,“don’t take big risks”is the rule!
Keep stop-loss shallow, and take profits like a chickenis fine!
The good thing about the original indicator “Winner” is
it has a notification function
so when the second wave appears, it’ll notify you by email, right＾＾
“Sell when the second wave appears!”
is the catchphrase＾＾
Thanks to discovering the Winner’s second-wave theorytrading has become very simple!
We are looking for people to use it together＾＾
Wishing everyone massive profits!
Original indicator “Winner” details：https://www.gogojungle.co.jp/tools/indicators/17623
Nobushi Twitter：https://twitter.com/nobushi_fx
Nobushi blog：https://nobushi-fx.hatenablog.jp/
