【FX full-time trader cat's pound-yen trade commentary 0724】

I will explain the discretionary N-Method entry for GBP/JPY on the 24th.

First, let's look at the 4-hour chart.

Immediately after this, take profit of about 70 PIPs.

It's modest, but it’s a 10 PIPs win that comes from inevitability rather than a fluke big win.

The market gives random rewards, so anyone can win big, right?

If you forget that and continue lazy trading, your capital will be sucked away by the market until it is exhausted.

This 4-hour chart satisfies the N-Method reversal-down condition and the bearish condition. Therefore the bias was downward.

And it also satisfies the N-Method squeeze condition.

It is on the 30-minute chart.

This entry is based on the moving average turning downward, MACD dead cross, Granville’s Law, and candlestick patterns.

And the daily chart’s market environment recognition, which serves as a decision-making material, is also considered.

Two expansions ended in a false move and the lower band closed in.

This is a basic aspect of Bollinger Bands.

The weekly chart shows

It closed with a top wick. The moving average is still sloping downward, indicating continued bearishness.

The monthly chart shows

It is bearish, but the direction is hard to grasp in this situation.

From the daily chart downward, we have no choice but to perform environmental recognition.

Now, let’s strive through the last week of July.

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