[FX full-time trader cat's pound-yen trade explanation 0505]

It followed the scenario from last time, didn’t it.

Daily chart.

This is from my main trading work, just before the 17:30 indicator, with an unrealized gain of 110 PIPS.

After that, I turned ON the N-Method EA entry and it was entered.

30-minute chart. With N-Method, at this point there is about 80 PIPS unrealized profit.

Next is the 4-hour chart.

I entered a little early while the middle band was at a borderline angle, but in this case at least I should wait for a pullback to the pink moving average. If you can't wait even that long, there's nothing you can do.

N-Method entered after the middle band angled. For the settings of moving averages and Bollinger bands, please refer to N-Method.

Next is the weekly chart

Undoubtedly bearish. Will the opposite band widen again?

And the monthly chart

Bearish, but will it really become as bad as a Lehman-like crash…

Doubt the forecasts.