U.S. Dollar / Japanese Yen
Hello, dear trader friends
The Japanese Yen chart is a highly profitable chart that attracts many traders. I update this chart with weekly, daily, and 1-hour time frames, and each time I post it in two phases to avoid cluttering the chart.
Weekly Chart
We are clearly in a bullish trend, and I have marked important POIs and critical Extreme Order Blocks.
The chart is designed to be very simple and clear, making it easy for you to use.
Why didn’t I wait for the BOS to happen before marking these areas?
Because it is crucial for the Japanese Yen to meet all Order Flows on the weekly before returning to the main trend.
In the weekly trend, the daily chart is completely irrelevant.
We have a bearish CHOCH on the daily, but it continues to move and
does not pay attention, providing a weekly BOS.
Notes on the 4-Hour Time Frame:
You may be looking to trade in this time frame, but this asset can completely mislead you as you constantly see CHOCH.
This asset fundamentally behaves according to the weekly time frame, taking into account the Meeting Order Flows of daily and 1-hour Order Blocks.
In lower time frames, the confirmations can be completely misleading.
I am speaking based on Smart Money concepts.
Some traders use the Ichimoku indicator, but I advise you to focus on these time frames based on Smart Money; you will achieve excellent results.
Entry and Exit Analysis
You can refine from the weekly Order Block to the daily, and you can refine the daily Order Blocks to the 1-hour.
However, for entry, if there is a 1-hour Order Block, you need to go to the 5-minute time frame to get confirmation.
Always set your stop from the 1-hour.
For daily Order Blocks, it is better to get an upward confirmation from the 1-hour time frame and have an entry at the 1-hour level with a stop loss based on the daily and weekly candles, following the clearly explained approach.
Conclusion
These are my experiences with this incredibly profitable asset, shared with you for free, and you will see results in the upcoming weeks. Thank you, my friends!
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."
The Japanese Yen chart is a highly profitable chart that attracts many traders. I update this chart with weekly, daily, and 1-hour time frames, and each time I post it in two phases to avoid cluttering the chart.
Weekly Chart
We are clearly in a bullish trend, and I have marked important POIs and critical Extreme Order Blocks.
The chart is designed to be very simple and clear, making it easy for you to use.
Why didn’t I wait for the BOS to happen before marking these areas?
Because it is crucial for the Japanese Yen to meet all Order Flows on the weekly before returning to the main trend.
In the weekly trend, the daily chart is completely irrelevant.
We have a bearish CHOCH on the daily, but it continues to move and
does not pay attention, providing a weekly BOS.
Notes on the 4-Hour Time Frame:
You may be looking to trade in this time frame, but this asset can completely mislead you as you constantly see CHOCH.
This asset fundamentally behaves according to the weekly time frame, taking into account the Meeting Order Flows of daily and 1-hour Order Blocks.
In lower time frames, the confirmations can be completely misleading.
I am speaking based on Smart Money concepts.
Some traders use the Ichimoku indicator, but I advise you to focus on these time frames based on Smart Money; you will achieve excellent results.
Entry and Exit Analysis
You can refine from the weekly Order Block to the daily, and you can refine the daily Order Blocks to the 1-hour.
However, for entry, if there is a 1-hour Order Block, you need to go to the 5-minute time frame to get confirmation.
Always set your stop from the 1-hour.
For daily Order Blocks, it is better to get an upward confirmation from the 1-hour time frame and have an entry at the 1-hour level with a stop loss based on the daily and weekly candles, following the clearly explained approach.
Conclusion
These are my experiences with this incredibly profitable asset, shared with you for free, and you will see results in the upcoming weeks. Thank you, my friends!
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."
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