The USD/JPY has reversed trend on the 4-hour timeframe.
This is the USD/JPY 15-minute chart for yesterday (February 11, 2025).
As I mentioned in yesterday's article, after last week's employment data there isn't much news until Wednesday night, making it a market environment where trends are hard to come by... in other words, a situation where a steady inflow of money is difficult.
So yesterday, like Monday, I think a contrarian strategy would have worked just fine.
...While I was writing this article (February 12, 14:00), a significant rise occurred lol. A trend reversal on the 4-hour chart, indeed.
In the video, I said that even if exceeding 153 yen would face some resistance, it would break after a certain amount of back-and-forth.
My hypothesis was wrong! FX is tough, isn’t it lol
The original indicator I use is available for free download.
↓ Download here
As I mentioned in yesterday's article, after last week's employment data there isn't much news until Wednesday night, making it a market environment where trends are hard to come by... in other words, a situation where a steady inflow of money is difficult.
So yesterday, like Monday, I think a contrarian strategy would have worked just fine.
...While I was writing this article (February 12, 14:00), a significant rise occurred lol. A trend reversal on the 4-hour chart, indeed.
In the video, I said that even if exceeding 153 yen would face some resistance, it would break after a certain amount of back-and-forth.
My hypothesis was wrong! FX is tough, isn’t it lol
The original indicator I use is available for free download.
↓ Download here
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