Release： 08/18/2020 08:45

Update： 06/07/2025 21:15

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 0817】

This is a position that was taken on Monday and settled this morning.

It is a short position entered discretionary by meeting two conditions of the N-Method.

30-minute chart

I entered on a big bearish candle, but do not fear buying at a high and selling at a low.

In the end I closed around 20 pips, but it’s a cumulative gain.

Daily chart

Based on the basics of Bollinger Bands, a reversal could be predicted.

Even just a gap in the Bollinger Bands provides a sufficient price range.

Monthly chart

We are at a balance point between bullish and bearish, so a delicate discernment is required.

Don't forget there is an FOMC meeting tomorrow late night.

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https://www.gogojungle.co.jp/tools/ebooks/22300

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