Will the USD/JPY daily chart enter an uptrend?

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Honest talk Part 1Video is here

And a discussion that includes hedging

Good morning, everyone.

Yesterday's USD/JPY moved as described in the article.

USD/JPY daily chart

If USD/JPY continues rising, the first price target on the ultra-walker daily line would be around 15372 (yellow circle).

This is the price range from February this year.

Today’s near-term target is up to 15000, about one yen higher than the current price.

Well within a realistic price move.

Even though it’s an up move, not every day shows a bullish candle; yesterday bullish, today bearish, still forming an uptrend.

I think the stance will be to look for buying on dips from a higher perspective.

For ultra-traders who scalp, you’ll see it fall to the bottom, confirm a reversal to buy on dips.

For those who were scalping before becoming ultra-traders, you’ll catch the initial move as it falls and then take an L-position.

USD/JPY 1-minute chart at yesterday’s US data release

I will note the method relative to the chart.

The width of the red □ zone is 10-20 pips

Where is the bottom, what about the spread?

while checking

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After crossing the blue horizontal line

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These three methods can be used together.

Because they match the movement of the chart.

Movement of the chart?

Isn’t that something you can only know after it moves?

Other than non-standard hedging, there are “indicators within the strategy” so you can take positions based on that.

Non-standard hedging is about using intuition, past support/resistance, and mood to take the initial position.

But it’s okay if that turns out wrong.

If it fails, you’ll hedge, so you don’t need to overthink it.

If you add “be careful,” you’d want to pull back as much as possible.

So I compare the 1-hour and 1-minute charts.

Last night’s CPI release trading was exactly

movement that seems designed for using non-standard hedging.

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There you go.

Thank you again for today as well.