Since a fractal phenomenon is occurring in USD/JPY, let's use this to earn a stable income!
As of now (February 18, 2025, 12:40), this is the USD/JPY 5-minute chart.
As I mentioned in this morning's video, even on the short-term 1–5 minute charts, the same step-down decline as the 4-hour chart has continued.
And in the latter half of yesterday.
Because the market was closed in the United States, the trend paused, and this morning there was a trend reversal with a stop-hunt... not exactly, but a shake-out (red circle) accompanied by a false breakout.
This area has been a neck for continuing the triangle consolidation at the 4-hour level since the week before last. The neck of the inverted head-and-shoulders (reversal pattern).
Today, there are no high-impact economic indicators for USD/JPY, so the chances of interruption are low, and the question becomes whether it will continue to rise as is.
However, at the 4-hour level we are in a volatility-contraction phase, so whether going long or short, after entering you should not expect to ride the full move; once profits are some distance up, it would be prudent to take some profits for stable income.
Even if you miss out on a big profit, please don't be angry!
Trading is at your own risk! lol
The original indicators I use are available for free download.
↓ Download here
As I mentioned in this morning's video, even on the short-term 1–5 minute charts, the same step-down decline as the 4-hour chart has continued.And in the latter half of yesterday.
Because the market was closed in the United States, the trend paused, and this morning there was a trend reversal with a stop-hunt... not exactly, but a shake-out (red circle) accompanied by a false breakout.
This area has been a neck for continuing the triangle consolidation at the 4-hour level since the week before last. The neck of the inverted head-and-shoulders (reversal pattern).
Today, there are no high-impact economic indicators for USD/JPY, so the chances of interruption are low, and the question becomes whether it will continue to rise as is.
However, at the 4-hour level we are in a volatility-contraction phase, so whether going long or short, after entering you should not expect to ride the full move; once profits are some distance up, it would be prudent to take some profits for stable income.
Even if you miss out on a big profit, please don't be angry!
Trading is at your own risk! lol
The original indicators I use are available for free download.
↓ Download here
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