Path toward a dream_FX_Main Currencies_Market environment awareness/notes_20221106 - Navi+ - GogoJungle | Auto Trading - Market Analysis

Good morning.

November 6th, Sunday.

It is a clear Sunday morning.
The weather is nice, but
a bit chilly.

Today, as a day to rest my bad back
I plan to keep myself moderately active.

Now, regarding the chart,
with a large rise in EUR/USD
a bullish candlestick,
is it a head & shoulders?
Is it a usual MC move higher?
It seems like a Monday for making that judgment.

If it were head & shoulders,
there would still be potential for HPC
in the scenario.

Personally, I’m leaning to a higher view?
and watching with that doubt. (lol)

Now, let’s confirm.
The current number of shares that have stopped moving.

【EUR/USD】
Monthly: 33rd
Weekly: 5th cycle, 17th / 5LT
HPC: 2nd cycle, 28th / 21
4HC: 3rd cycle, 8th / 8
or
Monthly: 3rd
Weekly: 1st cycle, 6th / 5
Daily: 1st cycle, 28th / 21
4HC: 3rd cycle, 8th / 8

I am interpreting it as such.

The 4HC 3rd starting point is 0.9729 on November 3rd.

This is a chart that rose sharply on Friday the 4th.

Apparently, as a result of the battle between the Fed and the ECB,
both present a policy rate of 0.75%,
and perhaps the ECB is carrying the day over the Fed’s ongoing offers?
I think so.

Technically, it’s a delicate development, but
the weekly chart is turning,
and it may be prudent to view it as the daily 1st cycle.

However, since the HPC possibility is not zero,
I want to keep monitoring.

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20221106_EUR/USD_Market Environment_Video Commentary
https://youtu.be/_GrR8X4GwLw
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【EUR/JPY】
Monthly: 9th
Weekly: 2nd cycle, 14th / 12
Daily: 2nd cycle, 30th / 20
4HC: 4th cycle, 8th / 8

I am seeing it this way.

On the 4-hour chart,
it has fallen from a double top
and is about to break the starting point.

Then, moving to 4HC 4 and potentially LT (Left Translation)

could be expected.

Since the daily close is still early,
I would also consider 4HC 4 and even 5 on the radar.

【USD/JPY】
Monthly: 33rd
Weekly: 4th cycle, 32nd / 30
Daily: 4th cycle, 32nd / 22
4HC: 3rd cycle, 40th / 15

I am seeing it this way.

The 4HC 3rd starting point is 145.12.
And it would fall from a double top,
so a breakdown of the starting point is expected.

【GBP/JPY】
Monthly: 3rd
Weekly: 1st cycle, 6th / 6
Daily: 1st cycle, 30th / 26
4HC: 4th cycle, 3rd / 3

I am seeing it this way.

The 4HC 3rd does not break the starting point and would move to the 4th.

I will pay attention to whether the MB on the 4-hour and daily charts act as a wall.

Let’s learn together.
If you want to learn, please contact me.

【i-ro-ha Sequence (168) _2】
Registration URL：
https://www.gogojungle.co.jp/tools/rooms/33239

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Now, let’s enjoy trading today as well.
　
Investing is at your own risk.
By considering risk-reward,
if you can trade while enjoying it,
I think that’s wonderful.
　
Returning to basics,
it is also important to look at the chart slowly,
so let’s trade while eliminating “waste, unnecessary effort, and overreach.”
　
The goal is wealth formation,
holding positions,
and earning large pips is the objective.
　
Strategy and tactics, used appropriately.

Nonobitorei