Use WiseElf Indicator in FX discretionary trading

On today’s April 25, 2025, five-minute USD/JPY chart using the WiseElf indicator, let’s see what kind of opportunities can be targeted with discretionary trading.

① Earn profits by going with the trend at a turning point
This is the classic usage.

In the 10 o’clock hour in Japan time, the thick line of the indicator changes from red to green, indicating the emergence of an uptrend. This is a point to test a buy.

Shortly after 1 PM, the thick line changes back to red, signaling the end of the uptrend. This is the point to close the position.

② Earn profits from pullbacks after a break of the upper/lower channel
In the Japan time around 12 PM, it can be seen that the USD/JPY significantly diverges from the red-dotted upper/lower channel. Since a retreat back into the channel is expected, this is a point to test a buy.

By the end of the 12 o’clock hour, the price action has already moved back inside the channel, making it a point to close the position.

WiseElf Indicator

https://www.gogojungle.co.jp/tools/indicators/61570?via=search_product