Weekend Verification・Winner Study Meeting
Thank you for your hard work.
This is Nobushi.
How are you all planning to spend the weekend?
Next week is expected to be a little warmer, but please take care of yourself and stay healthy amid the temperature fluctuations.
Now, regarding the weekend'sverification & analysis resultsI would like to report them.
Sorry for focusing only on USD/JPY...
First, please look at the USD/JPY 1-hour chart.
Just before the weekend close,the 2nd waveis forming.
For those who are familiar, you may have already guessed,
and for those who are just starting, I think there are some who are new to this.
To explainthe 2nd wave on the 1-hour chart is not the basis for entry.
The entry should bewait for the 2nd wave formation on the 15-minute chartbefore considering it.
We use the 1-hour chart as a higher timeframe
to grasp the overall movement, including the trend direction.
Right now, the 2nd wave is forming on the 1-hour chart,
and the overall flow suggests a downtrend, perhaps?
That is my interpretation.
Additionally on the 1-hour chart,we also pay attention to the sub-window's Winner value.
If the overall direction is downward, we can interpret it as roughly a downtrend.
Keep in mind, even just the sense of direction is fine to have in mind!
Afterwards, we switch to the 15-minute chart.
There was also the employment data, and price movement was weak, but
after the employment data, prices rose sharply
and then returned close to the original level.
Where it had been gradually bearish,
the employment data might have caused a shift, but
it did not form the 2nd wave and produced another lower signal.
Personally, I want to watch what the next signal will be.I plan to monitor it closely.
I think Monday morning will be range-bound, but
if the subsequent signal is a downside signal and a 2nd wave forms,
I may enter.
The rationale is that the 1-hour chart is in a downtrend,
the up-move factors were reduced by the employment data,
there is still room for further downside on the daily chart, etc.
However, personally I feel that in the long run it will rise.
So the signal goes against my personal feeling, which makes it somewhat complicated...
I think I will follow the signal for now.
It's been performing well lately, after all.
Howevertake-profit target is about 5–15 pips,
stop-loss should be around the level where the rise occurred during the employment datanear 108.850,so
if you cannot tolerate that much stop-loss, avoid taking the entry.
You already know that the risk-to-reward is not favorable, right?
It's better not to push it at the start of the week.
Let’s steadily aim for small profits next week as well!
Winner introduction video:https://www.gogojungle.co.jp/finance/navi/15/17609
Original indicator "Winner" public page:https://www.gogojungle.co.jp/tools/indicators/17623
Nobushi Twitter:https://twitter.com/nobushi_fx
Nobushi Blog:https://nobushi-fx.hatenablog.jp/
