【Full-time FX Trader Cat’s Pound/Yen Trade Analysis 0729】

This is trading for the day before the FOMC.

This is the 4-hour chart of N-Method.

I entered a long position as the bullish conditions and squeeze conditions of N-Method were met.

I also entered a long position in a timing close to my work trades.

N-Method 30-minute chart.

You got in at a good position, didn’t you?

In the end, I took profit about 40 pips before the FOMC.

Daily chart.

Bullish, but there isn’t momentum, so the probability of up and down is about the same, I suppose.

Next is the weekly chart.

Whether aiming for +2 sigma or waiting for a drop, there is enough room for movement to be expected.

Monthly chart.

The moving average is downward, but there is no momentum, so I have to rely on lower timeframes for judgment.

Volatility is too low, which can be irritating, but let's not cling to the trend illusion.

With that, there are only two days left in July—let's keep pushing.