2023/06/05 Today's Target Currency Pair
Quantify currency pairs and trade on the currency pair where the trend is most clearly visible!
Looking at today's currency pairs...
CAD/JPY is at the top in both M5 and H1.
As for the chart...
1-hour chart
15-minute chart
It is a clean uptrend.
Conversely, the USD/CAD 1-hour chart shows the largest negative value...
It is trending downward, but on M5 it is third from the bottom and at -8 it is not a large figure.
As you can see from the above charts, a recent upward signal has appeared.
There is a high possibility of an upward turn from here, so it is dangerous to target this currency pair.
Therefore I plan to hold a position in CAD/JPY and swing it.
On the daily chart as well
Even looking at the sub-chart lines, it is still rising, so I don't think it will reverse soon, so I plan to hold the position for a while.
※ The more the continuous line of the trailing dots moves away from the candlesticks, the stronger the trend will continue.
If it approaches the candlesticks, it is judged as a sign of reversal.
