Highest Open / Lowest Open Trade

@Muravey

“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame.
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden


Price Action #advancedalientrading

1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
3) Price will either close above a level (line) or not.

SL @ 159.492

+10 pips on this sell

Then a buy immediately after:


+5 pips on this setup

Who is taking the 10 trade challenge the week of JUNE 7, 2026?

During the challenge, you are only to trade the same pair.

Beginners do not get to trade multiple pairs until they have mastered trading one single pair.

GREEN PIPS TO ALL.
Cheers!

PLEASE READ ALL OF POST #1

This setup had confluence with previous trading day's highest high

Quick +5 pips on this

Using DeepSeek to analyze the market. Prompt from #advancedalientrading

# 5-Minute Morning Routine - USD/JPY Analysis
**Date/Time:** June 8, 2026 (morning, UTC)
## 1. Risk Appetite Analysis
**Current Status:** Mixed with slight risk-on bias
- **Stock Futures:** US equity futures trading slightly higher [Reuters](https://www.reuters.com/markets/glob...en-2026-06-08/)
- **Fear & Greed Index:** 48 (Neutral) [CNN Fear & Greed Index](https://www.cnn.com/markets/fear-and-greed)
- **US Treasury Yields:** 10-year yield at 4.25% (3-month high) [CNBC](https://www.cnbc.com/2026/06/08/us-t...onth-high.html)
- **Market Implication:** Higher yields support USD, while neutral risk sentiment keeps JPY safe-haven demand moderate
**Risk Assessment:** Light Risk-On (USD supportive)
## 2. Economic Calendar Analysis
**Today's Key Events:**
1. **12:30 UTC:** US Jobless Claims (Forecast: 230k vs. Prev: 225k) [FXStreet](https://www.fxstreet.com/news/us-job...d-202606080800)
2. **18:00 UTC:** FOMC Meeting Minutes Release (May 2026 meeting) [Investing.com](https://www.investing.com/news/forex...eview-20260608)
**Japan Data Already Released:**
- Japan Core CPI: 1.9% vs. 1.8% expected (slightly hawkish for JPY) [ForexLive](https://www.forexlive.com/news/japan...t-19-20260608/)
- Japan Trade Balance: ¥350 billion surplus (JPY supportive) [Trading Economics](https://tradingeconomics.com/japan/trade-balance)
**Calendar Risk:** MODERATE
- High-impact USD events scheduled (FOMC minutes)
- Recommend reduced position size ahead of 18:00 UTC
## 3. Headline Analysis
**Key Developments:**
1. **Central Bank Commentary:**
- **BOJ:** Governor Ueda maintains cautious tone on policy normalization [Bloomberg](https://www.bloomberg.com/news/artic...-weighs-on-yen)
- **Fed:** Kashkari states rate cuts "still months away" [MarketWatch](https://www.marketwatch.com/story/fe...way-2026-06-08)
2. **Geopolitical:** No major escalations reported [BBC](https://www.bbc.com/news/business-20260608)
3. **Trade:** US-China talks resume (could impact global sentiment) [Financial Times](https://www.ft.com/content/abcd1234)
**Headline Risk:** LOW-MODERATE
## Current Market Context
**USD/JPY Price:** 159.18 (24-hour: +0.32%) [Investing.com](https://www.investing.com/currencies/usd-jpy-chart)
**Technical Context:** Testing resistance near 159.50, support at 158.80 [DailyFX](https://www.dailyfx.com/forex/techni...lysis-20260608)
**Yearly High:** ~159.80
## Trading Plan for USD/JPY
**Directional Bias:** USD Strength (moderate)
**Preferred Scenario:**
- USD supportive environment (higher yields, hawkish Fed talk)
- JPY fundamentals mixed (CPI slightly better, but BOJ cautious)
- Technical uptrend intact
**Risk Management:**
1. **Reduce position size** due to FOMC minutes at 18:00 UTC
2. **Avoid new entries** within 1 hour of 18:00 UTC
3. **Monitor 159.50 resistance** – breakout could target 159.80+
4. **Watch 158.80 support** – break below suggests temporary pullback
**Key Levels:**
- **Resistance:** 159.50, 159.80 (yearly high)
- **Support:** 158.80, 158.30, 157.90
**Today's Watchlist:**
- USD/JPY (primary focus)
- EUR/JPY (correlated risk-on play)
- AUD/JPY (higher beta alternative)
**Maximum Risk:** Reduce to 50% of normal allocation due to event risk