12/4 2-wave logic for explosive profits! Can you discern the market direction?

Good work everyone!

This is Nobushi.

Today I will also teach how to read the USD/JPY market!!

First, let's review yesterday's strategy!

Yesterday, a downtrend signal 2 waves appeared on the hourly chart,

and we entered on the 2-wave decline on the 15-minute chart and exited with a profit.

Also,

as I warned in yesterday's article

the downward trend probably won't last that long, right?

We talked about “a sharp rise the next morning”, didn’t we?

Here is a photo as proof ⬇️

For those who read it properly, it might have saved your life...!?

Now, let's explore the future movement of USD/JPY using Winner!

First, the current movement ⬇︎

The most recent signal is up,

but we have not reached the 2nd wave yet

Also, since the market continues to show alternating up and down signals

we define it as a range market.

Depending on future movement, a buy signal 2nd wave may appear.

However,please be sure to closely monitor the hourly chart at that time!

If the hourly chart shows a buy signal 1st or 2nd wave, buy without hesitation (and of course with the 2nd wave on the 15-minute chart)

In that case, a deeper stop loss is acceptable, but

take profit to about 5–10 pipsand keep it that way.

A stop loss of about 20 pipsis tolerable, but

if your capital makes 20 pips impossible,

please skip the entry.

Why 20 pips? Because

in the current USD/JPY movement

the noise is large

and even with a positive bias, a drop caused by noise could occur

and a shallow stop could be taken by the noise.

If you would be stopped out at 20, give up and observe!

By the way, the current hourly chart ⬇︎

Stillthe recent down-wave 2is listening (i.e., in play), so

you need to enter buys carefully!

However, since the Builder line on the sub-chart is upward,

if the buy signal 1st wave appears as is, it might be worth taking a chance.

If the price continues to fall, I would rather wait and not enter.

Now, the 2-wave logic trading we started last month is continuing,

and this month as wellunbeaten

Yesterday's trades through today have also ended with profits

However, I will trade calmly and strictly according to the signals and market conditions without letting my guard down

and aim to trade.

There has been an increase in inquiries about the details of the indicators＾＾

Please feel free to contact us!

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/