Release： 08/05/2020 00:14

Update： 06/15/2025 22:07

Series

A full-time currency trader cat explains pound-yen trades and the mind philosophy in the market.

【FX Full-time Trader Cat's Pound-Yen Trade Commentary 0804】

I shorted by riding the pullback on the daily chart of the pound-yen pair.

Daily chart

Expansion is continuing, but be careful as expansion implies overbought/oversold on a double meaning.

4-hour chart

I took profit at about 40 pips.

30-minute chart

A discretionary entry is possible with a long upper wick bearish candle. This is a pattern where MACD aligns.

Weekly chart

It expanded. A scenario in which volatility will widen has emerged.

Monthly chart

It sits at the middle band that separates bullish and bearish sentiment. There can be temporary pullbacks, so let's observe on lower timeframes.

Well, it's hot, but let's keep trading hard through August as well.

【Attack is the best defense】 N-Method that produces explosive profits is here↓↓

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