2022.4/19~20 MochiPoyo Alert Explanation "USDJPY" "AUDJPY" "CADJPY"
We will post explanations of points using MochiPoyo Alert (^O^)
We will broadly explain tips and situations for making a profit. Basically, we will discuss while looking at 15-minute and 4-hour charts of the Pound and Gold, but for detailed explanations, we will provide them within the MochiPoyo Alert dedicated community or through study sessions!
For those using MochiPoyo Alert, we hope you find it helpful for improving your entry accuracy ('ω')フ
※ The circles for long (short) points indicate timing from the opening price to the closing price of the candle where the sign is lit.
※ The signs with a circle (〇) are signs at points that are easier to capture among signs, which is why they are indicated with a circle.
▼ Signs + methods using 'MochiPoyo Alert'
https://www.gogojungle.co.jp/re/EjcUt4HgRdwLl0L
▼ 'MochiPoyo Pattern Collection' Fully discretionary entry patterns that maximize RCI
https://www.gogojungle.co.jp/re/83u1ePL2XCBGaJ2
【2022.04/19~20 USDJPY】
Generally in an uptrend, it’s appropriate to target pullbacks overall. However, there are corrections, so if higher timeframes break down or lower timeframes cause a major decline and a trend reversal, it may be prudent to aim for a short-term rebound. Still, it’s safer to confirm overlaps with Hidden or short-term RCI or to target points with as much justification as possible. The USD/JPY shows a pullback formed by the short-term RCI on the 4-hour chart, so we will watch whether it rises again to test recent highs, potentially forming a large drop if a W-top pattern appears.
【2022.04/19~20 AUDJPY】
In a strong uptrend, I expected a large correction at one point, but when a small drop occurred on the 4-hour chart, there was a reaction I named the "bewailing RCI phenomenon," suggesting the downtrend would not continue. In that context, prices rose again and the 15-minute chart showed an uptrend, so if multiple corroborating signals align, there are buy-the-dull moments. Going forward, it’s a point where it’s hard to take action, but for 5–15 minute timeframes, there are likely safe targets until a substantial drop occurs.
For more on the bearish RCI phenomenon, see this tweet →https://twitter.com/mochi_fxtrader/status/1478597494032695300?s=20&t=H6smZ5MKmPhmyWjBaMFbhw
【2022.04/19~20 CADJPY】
In recent days, this currency pair looks approachable. The cross-yen is in an uptrend, so this pair is similar. You can also pick up pullbacks within an uptrend on the 15-minute chart signs, and with supporting factors such as divergences and RCI triggers, you can enter aggressively. However, given expectations of a major correction around the end of this week to early next week, a short-term position approach is recommended.
▼ Signs + methods using 'MochiPoyo Alert'
https://www.gogojungle.co.jp/re/EjcUt4HgRdwLl0L
▼ 'MochiPoyo Pattern Collection' Fully discretionary entry patterns that maximize RCI
https://www.gogojungle.co.jp/re/83u1ePL2XCBGaJ2
