Estimated pips are the pips that would have been gained by trading ideally along the published scenario.
| Currency pair | Total pips | Posts | Average pips |
|---|---|---|---|
| GBP/JPY | +1,123.0 PIPS | 20 | 56.2 PIPS |
| USD/JPY | +614.0 PIPS | 20 | 30.7 PIPS |
| Total | +1,737.0 PIPS | ||
There's hardly any reason to sell right now, but price has reached a key level, so I'm waiting for a correction and then a bounce.The cleanest move would be a drop to C followed by a rise.
Yesterday's rally reached the target, so price may move into consolidation from here.Before that, though, I think there will be one more push higher, and I'd like to trade that move up.
The overall flow is up, but in the short term the price has been coming down.The strategy is to look for buys while judging whether it stops around here or drops another leg.
On a day-trading level, I think a bullish bias is fine.The 4-hour chart has been falling, so the strategy is to catch the retracement from that drop.
Price has turned higher off the 4-hour support.This is a spot where I want to wait for a pullback and actively look for buys.
It has been falling the whole way, but it has bounced short-term and made a bullish shift.I'd like to buy the next pullback, but a real rally only starts once price breaks above the upper line.
Price failed to break above the daily chart high and is now moving lower.Will it find support in the current price zone, or drop another leg?This looks like a price zone where it could range for a while and then rise.
There was a good opportunity around noon JST (03:00 UTC), but if you're trading from here, it's a matter of waiting for a retracement.The bias is aligned to the sell side, so I want to wait patiently for the right timing.
The weekly chart made a new high on a candle-body basis, but the daily chart is losing momentum after reaching the recent high.I have a feeling it will keep rising this week too, but we may first see a daily-chart-level pullback form.
The weekly chart closed with a bullish candle, and it looks like price could keep rising this week.If so, we can expect the daily chart to move up at least to the recent high.On the 15-minute chart (M15), I'll wait for a reversal within the range.
