Entering July 2022 to August 2022: MochiPoyo Alert Explanation for "USDJPY", "GBPJPY", "EURUSD", "AUDJPY"
We will post point-by-point explanations using Mochipoyo Alerts (^O^)
We will broadly explain tips and situations for making profits. Basically, we will discuss while watching the 15-minute and 4-hour charts of the Pound and Gold, but for detailed explanations, we will provide them in the Mochipoyo Alerts exclusive community and during study sessions! (This time, the 15-minute chart and the daily chart)
For those using Mochipoyo Alerts, I hope you will use this as a reference to improve entry accuracy ('ω')フ
※ The long (short) point markers ○ indicate that the timing is the opening to closing price of the candle where the signal lights up.
※ ○ Sign is marked with a circle because it is an easily obtainable point among the signals.
※Blue = Short signal,Red = Long signal,Yellow = Profit target signal
▼ Signs + Methods using 'Mochipoyo Alerts'
https://www.gogojungle.co.jp/re/EjcUt4HgRdwLl0L
▼ 'Mochipoyo Pattern Collection' Fully discretionary entry patterns that maximize RCI
https://www.gogojungle.co.jp/re/83u1ePL2XCBGaJ2
【2022.07/26~8/2 USDJPY】
The Yen is weakening and has risen to around 139, but now a large correction is occurring. Whether the Yen will continue to strengthen or whether the trend will return is not known at this time.
However, from a daily chart perspective, I think it will form a temporary pullback and then rise again (in that case, it's not clear whether it will break the recent high as of now). In the chart periods above, it was straightforward to target short entries on the 15-minute downtrend via hidden and signal entries for short-term scalping to day-trading. Honestly, even though this is a correction in a yen-weak environment, real-time projections of how far it will fall or where it will bottom are not certain, so unless you are placing a swing short near the top, it is relatively safer and easier to target a rebound after the 15-minute or 1-hour downtrend forms, as shown in the above charts. After that, determine how far the downtrend might continue by examining past high/low lines, key levels, EMA, and oscillators on daily and other timeframes.
Also, if dollar selling is leading to a decline in USD/JPY, EUR/USD tends to move in the opposite trend on the same timeframe, meaning it often shows an uptrend here, so you can also target pullbacks to buy.
Additionally, other cross pairs besides USD/JPY move similarly to USD/JPY, so choosing currency pairs with higher volatility than USD/JPY can allow for greater profit potential; it’s worth checking.
▼ Signs + Methods using 'Mochipoyo Alerts'
https://www.gogojungle.co.jp/re/EjcUt4HgRdwLl0L
▼ 'Mochipoyo Pattern Collection' Fully discretionary entry patterns that maximize RCI
https://www.gogojungle.co.jp/re/83u1ePL2XCBGaJ2
