【FX full-time trader cat’s pound-yen trade analysis 0429】

This is a pound-yen entry from yesterday through the early morning.

In my main business, it became an early-morning EA entry with N-Method yesterday, but one of the foundations for N-Method was the daily chart.

It’s the daily chart.

Two consecutive long upper wicks. In my main trading, this point has already reached 120 PIPS.

Let’s take a look at the 4-hour chart of N-Method.

It meets the N-Method squeeze criteria. And RSI has fallen below 50, indicating bearishness.

The 30-minute chart configured with N-Method. It became an EA entry rather than a discretionary entry.

With N-Method, at this point it’s 90 PIPS.

Let’s look at the weekly chart.

Undeniably bearish, but the opposing band is closing and momentum is fading.

The monthly chart is, of course, bearish as well.

There is an FOMC tomorrow morning, but how to handle it follows N-Method.

Now, how far will it extend?

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