【This Week's Trade Review】GBPJPY December 27, 2021 - December 31, 2021 Result
I took a little break, but I’m resuming.
However, this week there was no trading. A review of this week’s points and thoughts for next week.
Looking at the 1-hour chart, point (A) hit precisely and was briefly held, then broke out. When such a point breaks, the momentum upward seems to pick up.
Point (B) also hit precisely. It was supported at the 155.00 “00” line and moved higher.
Looking at the 4-hour chart, it was a week where the upward momentum emerged.
Looking at the weekly chart, it appears to be stopped at 156.00.
Looking at the daily chart, it also seems to be held at 156.00. The 156.00 line also seems to act as a resistance line for the time being. Keep an eye on this 156.00 line.
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I’m trading based on Idacchi-sensei’s “Close Price Trading Method.”
※ The “hit-the-close pattern” is a technique where the candle’s close is almost the same as the most recent close (often forming shapes like a double bottom or triple top), considered a resistance and used for entry.
※ The “wick-dispersion pattern” is a technique where the close aligns closely with MA100, MA200, and MA300, with the expectation of a reversal, used for entry.
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An EA that enters on the close price “OwarineDeEntry”