Entry in USDJPY

Hello! This is Baron Haussmann.

Today is a holiday, but the forex market is moving, and personally there are several currency pairs that look like good entry opportunities, so it’s a good holiday.

Among them, USDJPY, which I’ve been watching the most, I just entered short few moments ago.

Since the start of the year there was a sharp drop, and I expected at least some rebound for a while, but after that I must again enter calmly according to my own rules.

If I cling to the rebound too long, I won’t be able to view the market in my usual trading style, and I’ll eventually suffer a painful outcome.

A fall is something that happened incidentally and is not something that happens frequently.

So after some point it’s important to return to my usual style and view the market calmly.

The USDJPY I entered this time, after the rebound from the crash, when I looked at it calmly I thought it might drop again in the future, and if it moves as I expect, entering would be my rule.

Indeed, it started moving that way, so I entered.

The decisive factor for entry was that after failing to update the recent high and starting to fall again, I observed that it didn’t seem like a sudden move, so I began trading.

It’s a very simple rule, but I wait several days until the market moves in the direction I’ve drawn.

This waiting!This act may look easy, but it is extremely difficult.

However, if you can do this, you’ll be able to enter at your own timing, so keep in mind the act of waiting.