Trump is making a mess
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Good morning everyone.
This morning, after Trump's tariff remarks in the early hours, the USD/JPY fell by a little over 2 yen in three hours.
So I’d like to wait for a rebound buying opportunity while watching the situation.
I think I can easily gain about 20 pips.
To be frank, these rebound targets are
scalping I used to do before becoming a multi-billionaire trader
where trading mechanically makes it easy and good trades.
USD/JPY 1-hour & 1-minute charts
Yesterday there was unclear movement, but because there were many unclear ranges, the range break from the NY start was very easy to understand.
Scalping of multi-billionaire tradersUsers, after the NY start, referring to the long-break line of multi-billionaire traders, should have achieved good results trading.
Multi-billionaire users, please watch for pullbacks and movements right after turning from buy to sell.
There is a high possibility it will break next.
USD/JPY 5-minute chart from yesterday to this morning
Yesterday’s USD/JPY may have been easier to grasp the overall picture with the 5-minute multi-billionaire trader chart.
Each white blank zone is a candle rushing into.
From after Tokyo close, a drop → rise → drop in the early morning
You could also trade by dropping this 5-minute direction to a 1-minute chart.
Today we introduced the 5-minute chart, but many users and new inquiry users ask for trading consultations using the 5-minute chart.
Around 2008 I chased GBP/JPY on the 5-minute chart, so I understand the margin of the 5-minute chart, its composure, so to speak.
In that context, I tried various experiments to create an "indicator" that translates my trading mindset to the 5-minute chart, and it has somewhat completed.
Aligning ideas inside my head with an indicator was very difficult.
Keeping in mind producing a sense of readiness, rather than immediate buy/sell signals, I prepared signals that indicate preparation
so that I could adopt a mindset of "going long next" or "going short next."
The volatility of USD/JPY a long time ago and now is completely different.
To match the current volatility, we deliberately chose the 5-minute chart and made an indicator that allows for trading with room.
Of course, it is designed to be usable on other timeframes as well.
It will take a little more time to complete, but probably it will produce buy/sell signals that you have never felt before.
Please look forward to it.
In the meantime, the USD/JPY rebounded about 30 pips from the bottom.
If there is another rise today, I would like to watch for the possibility of a full retracement.
If it continues to fall, I would expect a decline down to around 14728 as a temporary target on the 1-hour multi-billionaire line.
Thank you again today.