One of the trading techniques: To all scalping users of the “New Hundred-Millionaire Trader”
To all scalping users of billion-traders
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The current market is in a buying trend, so the strategy is to pick up on pullbacks.
If the area around 14320 becomes a pullback, I would like to buy, but it has just dropped sharply now.
I wrote that.
The 1-minute chart of USD/JPY at that time
The sharply dropped bar is the blue square bearish candle.
It is a chart that confirms the initial low with a blue circle and then makes higher lows with a yellow circle.
As for the high, it remains flat; it seems like it wants to go higher.
At the yellow circle on the right, it is a buying atmosphere, but it seems to have broken out a little.
I was looking at around 14320.
After that, there are two red squares, beneath which there is a blue horizontal line
If this becomes a pullback, the hypothesis is that the lows are being raised and it will rise.
Please check this blue horizontal line on your own 1-minute chart after you return home and input it. (There may be slight discrepancies depending on the broker)
In other words, it acts as support, but rather than speculating and confirming support, it is quicker to just look at this line and more certain to decide for yourself.
Of course it can be broken here, but if that happens, a retreat would be at the yellow circle on the left, so there is no need to worry; this distance is where you can accumulate stop-loss margins.
What I mean is that if there is a blue line in the sequence, you can "go for it."
Here, since the chart is in a buying atmosphere with rising lows, there is value in testing a long position at the blue line.
There is no perfect position, so you must try to start trading by testing.
As a result of testing, a good take-profit would be beyond the yellow star.
A long bullish candle is advancing strongly, isn’t it?
The red circle and yellow star were taken out by the bears.
Today, it’s not easily dropping either.
Perhaps another night like yesterday...
Those who like selling do so because the results come quickly.
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