I boldly imagined the movement of USD/JPY at the start of the week
This is the USD/JPY 15-minute chart
I have also left the horizontal line expected for Friday morning
This line is being consciously watched after all
Yesterday, the New York market also recovered
There was a sharp drop after the London fix, but it did recover
It suggests that many traders are mindful of buying on dips
On the four-hour chart
This is the horizontal line drawn at the time of the black vertical line
The orange 0.382 Fibonacci pullback line is being watched
The arrows indicate the expected dip lines
It has not broken down to touch the black 26-period MA line and has rebounded
Moreover, it rebounded with a long lower wick
How will swing traders view this?
This is the 1-hour chart
The arrows indicate the dip expectation line that I sent to the group at 14:00 on Friday
It is now making a dip after another rise
Regarding future moves, it is shown on the higher 15-minute chart
On the 15-minute chart, it may look like a short-term range
After the recent rise, a target of 158.0 is likely to be taken profit before it is reached
and a flag may be forming
In other words, once profit-taking cycles through
there is a high possibility it will rise again?
On 4H, 1H, and 15M, the GMMA is currently turning upward
If aiming for it
on the 5-minute chart, it would be ① or ②
② is the theory, right
This is the 5-minute chart
Line break triggers long-term holders to take profits, then we aim for a rebound after the decline
Can we wait that long?
We cannot predict the market, but
it is important to anticipate the market's path
In reality, you can trade without rushing to match market moves
This is what I like
Last week’s Arima Kinen produced a 8-16 combination profit
People who forecast the market tend to be more accurate than horse racing predictions
In horse racing, you bet thinking, “Even if I lose 10,000 yen, it’s fine”
In FX as well, you enter with the possibility of losses,
but the returns are far more stable in FX
Tomorrow, I will consider other fundamentals as well
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