2017.7.20 06:45 The Forecast and Scenario for USD/JPY Price Movement
A trader who can forecast yen-dollar movements with high accuracy is going to release an EA soon.
This is not something finished by a salaryman’s idea like “the strongest EA I thought up by combining my own ideas.” It is an EA based on a solid logic for movement prediction, designed to exit near the top or bottom with high accuracy.
If you think that is impossible!
Please take a look at my previous posts.
Dollar/Yen Forecast: Reflecting on the previous Dollar/Yen movement forecast
The forecast centered on the range of consolidation. Regarding that, it was almost on target. Whether it breaks up or down cannot be known from the chart on the right side at the time, and obviously what chart pattern will form is unknown. From the chart as of 2017.7.19 06:55, the only information I could read was the width of the consolidation. For intraday trading, I was providing price movement forecasts.If 112.086 is the starting point on MT4, then 112.086 + 15 PIPS = 112.236
— kinchanbbh3 (@kinchanbbh3)July 19, 2017
Something around this area, roughly.
The chart showed a drop of 50–60 PIPS starting from 111.964, but it halted around 40 PIPS and reversed. Perhaps the market will judge this as a misleading drop.If I were an investment advisor, I could charge money for this tweet too, haha
— kinchanbbh3 (@kinchanbbh3)July 19, 2017
If it breaks below, I think 111.964 would be the starting point.
From there, 50–60 PIPS
If it breaks below 111.678, the down move would be more likely to be genuine, but…
Previous Dollar/Yen Forecast: 2017.7.19 06:55 posted scenario (click the image to go to the article)
Previous Dollar/Yen Forecast: 2017.7.19 Dollar/Yen 60-minute chart
Today’s Dollar/Yen Forecast: Constructing a scenario for Dollar/Yen movement
We see two possibilities: the market judged the breakout as a false move, or a mere range break followed by a pullback. We should consider and analyze both possibilities.＜Posted 2017.7.20 06:35＞
If the 160MA on the 15-minute chart is broken with the close of the 15-minute candle, it could rise to around 112.180–112.300, and after the range, break above could return to around 112.450–112.700. If it breaks below, it may drop to around 111.950 and then range around 111.950–112.100.
● Scenario 2
If the 160MA on the 15-minute chart cannot be broken with the close of the 15-minute candle and the downtrend resumes, it could fall to around 111.640 and consolidate. If it breaks below the consolidation, it may attempt the July 19 low, and if it breaks, it could be around 111.400–111.200. If it breaks above the consolidation, it could return to around 111.850.
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