2018.2.22 FX-ON Submission Time 07:45 USD/JPY Movement Forecast and Scenario
FX Study: Reviewing the previous USD/JPY price movement forecast
Earlier, I wrote that studying market psychology is more important than looking at technical indicators.On this site,Stock-Measureis a teaching material we sell, and its overwhelming reproducibility has demonstrated astonishing accuracy not only in stock investments but also in USD/JPY and GBP/JPY.
So, what exactly is this teaching material? It focuses not on entry points but on exit points such as stop-loss and take-profit.
Bitcoin has not been touched at all, so from a neutral perspective, if it breaks below the consolidation, Stock-Measure will output around 1,133,000 to 1,101,000.
— kinchanbbh3 (@kinchanbbh3)February 21, 2018
However, the trend has not been clearly determined.
This is BTCJPY.pic.twitter.com/wgZvaC8pLN
— kinchanbbh3 (@kinchanbbh3)February 21, 2018
<BTCJPY since then>
In this image it is hard to tell, but it dropped as low as 1,108,999.98.
As you can see in the image, not a single technical indicator was used.
What I looked at were the 'shape of the chart' and the 'volume'.
With more people participating, human psychology becomes averaged, forming the chart shape, and the numbers showing how many participated appear as volume.
Stock-Measure costs 50,000 yen, but it is a superb tool that can cover stocks, forex, and cryptocurrencies with just this one.
Regarding the previous forecast, it hit as usual.
Previous USDJPY Forecast (Click the image to go to the article)
Previous USDJPY Forecast USD/JPY 15-minute chart
Today’s USDJPY Forecast: Building a scenario for USD/JPY price movement
It has formed a range of 107.350–850. Whether it will break one way or the other may take some time. Looking at the 4-hour chart, it appears to be a strong wave, but it seems the pullback is a bit insufficient. The outlook is neutral.<Posted on 2018.2.22 07:45>
● Scenario 1
Currently published on the site
● Scenario 2
If it breaks above the 107.350–850 range, it could fall to around 107.150–107.050, enter range/trend consolidation. A break below the range could bring it to around 106.900–106.800. A break above the range or a consolidation would push it to around 107.750–107.850. After falling to around 106.900–106.800, it could consolidate or rebound. If it breaks below the range, it could fall to around 106.750–106.650. If it breaks above or consolidates, it could rise to around 107.350–107.250. If it falls to around 106.750–106.650 and the downside moves strengthen, it could drop further to around 106.450–106.350.
Currently published on the site
● Scenario 2
If it breaks above the 107.350–850 range, it could fall to around 107.150–107.050, enter range/trend consolidation. A break below the range could bring it to around 106.900–106.800. A break above the range or a consolidation would push it to around 107.750–107.850. After falling to around 106.900–106.800, it could consolidate or rebound. If it breaks below the range, it could fall to around 106.750–106.650. If it breaks above or consolidates, it could rise to around 107.350–107.250. If it falls to around 106.750–106.650 and the downside moves strengthen, it could drop further to around 106.450–106.350.
To be continuedhere
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