【FX full-time trader cat's pound-yen trade commentary 0605】

Well, today’s the pound-yen.

I hold two positions: my own position and an entry from the N-Method EA.

I bought on dips from the 4-hour middle line in the direction of the daily expansion.

Daily

When the daily expands, you can expect a pullback to around this level on the 4-hour chart. I explained this method in the N-Method.

4-hour

It exceeded 100 PIPs at most.

Next, the 30-minute chart of the N-Method

You may interpret the N-Method EA entry rules flexibly. If you decide to go, you can turn on the EA entry logic even if the conditions aren’t fully met.

Weekly

It became a scenario to aim for the previous middle and exceeded it by a large margin.

Monthly

It touched the middle. It’s starting to look like a head-and-shoulders pattern.

From the chart, at this point the description “on the scale of the Lehman Brothers crisis” seems unlikely to be accurate.