Release： 03/22/2020 05:07

Update： 06/10/2025 00:13

Series

A full-time currency trader cat explains pound-yen trades and the mind philosophy in the market.

[FX full-time trader cat’s pound-yen trade analysis 0320]

This is the pound-yen pair as of March 20.

For now, let's first take a look at the daily chart.

It’s being bounced by the moving averages, isn’t it?

And on the 4-hour chart

The RSI has diverged and fallen below the 50 line. Based on these two observations, let's monitor the price action and plan our strategy for next week. I'm also curious whether the monthly support will be tested again. In any case, both the daily and weekly charts are expanding, so the volatility is extreme. The distance to the stop right after entry is astonishing. My main business has been gaining an incredible number of PIPS. The range market that began after the Brexit in 2016 seems to be ending at last.

【For those seriously aiming to become full-time traders】N-Method, which has delivered 300 PIPS and 800 PIPS in succession, is here↓↓

https://www.gogojungle.co.jp/tools/ebooks/22300

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