2017.7.13 06:55 USD/JPY price movement forecast and scenario 7
Dollar-Yen Forecast: Reviewing the Previous Dollar-Yen Price Movement Prediction
The forecast largely hit on price movement, except for the retreat to around 113.600 (actual 113.551) being weaker than expected. Compared with other blogs and sites, this provides a more detailed, concrete, and higher-precision scenario for price movement.Creating the subsequent trading plan and trading scenarios is the job of discretionary traders. Based on the forecast of price movement I have laid out, I develop the scenarios and determine the trading triggers. Entering the moment of breakout or entering after applying filters require individual trading rules.
Previous Dollar-Yen Forecast: 2017.7.12 06:40 Post Scenario (Click the image to go to the article).
Previous Dollar-Yen Forecast: 2017.7.12 Dollar-Yen 60-minute Chart
Today’s Dollar-Yen Forecast: Constructing a Scenario for Dollar-Yen Price Movement
Currently, at the 15-minute level,Pennantis forming. Roughly estimating, from the breakout point, there is a possibility of 60–70 PIPS movement. Rather than jumping into the pennant, a smarter method is to breakout and gain the spoils of the losers’ paid tuition.<Posted 2017.7.13 06:50>
● Scenario 1
If the pennant breaks upward, price may rise to around 113.550. After a pullback or consolidation, a breakout could bring it to around 114.000. If it breaks downward, it may retreat to around 113.200.
● Scenario 2
If the pennant breaks downward, price may fall to around 112.950. After a pullback or consolidation, a breakout to the upside could bring it to around 113.200.
If the pennant breaks upward, price may rise to around 113.550. After a pullback or consolidation, a breakout could bring it to around 114.000. If it breaks downward, it may retreat to around 113.200.
● Scenario 2
If the pennant breaks downward, price may fall to around 112.950. After a pullback or consolidation, a breakout to the upside could bring it to around 113.200.
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