To you who continue to trade tirelessly today, despite people celebrating on Christmas Eve! 【Liamant Trade FX (Image Version)】
People who are excited on Christmas Eve, while others are enjoying themselves,
for you who want to trade without taking a break
I will bring you today's ReminFX trade update.
I love people who keep working hard even when others are playing,
(#^.^#)
However, since there are videos that need editing piling up,
today I will deliver the FX market environment recognition in images.
First,
Dollar/Yen Market
USDJPY 1-hour chart
I will stay patient until it breaks through the range bound by the horizontal lines.
The overall trend is a downtrend, so
a break to the downside would make a smaller price range to move.
Conversely, if it breaks to the upside,
I think it could rise toward notable high lines.
Euro/Dollar Market
EURUSD 1-hour chart
Since it has fallen below the EMA60 on the 1-hour chart and a trend line,
it is still in a downtrend, but
the downward momentum is not very strong
and volatility isn’t high, so
it’s unclear which way it will go.
If I had to say,
if it breaks below the purple belt channel zone,
I wonder if it could aim for a quick pullback sell on shorter timeframes?
That’s how it feels.
Pound/Dollar Market
GBPUSD 1-hour chart
Pound/dollar is in a splendid range market!
Since it has formed a fairly long trading range,
when this range is broken, a strong trend is expected to emerge!
In such cases, the breakout direction, whether up or down, presents a strong opportunity♪
So let’s look forward to it breaking out of this range!
AUD/USD Market
AUDUSD 1-hour chart
In the 1-hour chart, it is in a downtrend,
and is forming a retracement.
Therefore, from a selling perspective,
since the downtrend has been continuing for quite a while,
it wouldn’t be surprising if it reverses and changes trend at any time.
In such times, it is good to analyze the environment more finely on a 15-minute chart
and aim to capture a small range with tiny price swings on a 1-minute chart.
Here is the 15-minute chart.
After it retraces toward around the EMA60,
each candlestick becomes shorter and crosses the EMA60
forming a range.
If it breaks below the lower bound line of this range,
it might be good to sell into the retracements on the 1-minute chart, I think.
That is my view.
So,
this is how I view today's market environment.
Tomorrow is Christmas, so
even if you trade, it’s best to be ultra-short-term and take profits early,
and finish today's trading early!
◆ Oval Prime FX founder “Kousuke”'s FX tools ◆
◆ Proto-FX ◆https://oval-prime.co.jp/protri
◆ Diva Perfect Order ◆
◆ JapaneseRED ◆
