6/6 AM5:45 Newsletter distribution Scenario of USD/JPY price movement
Today's USD/JPY Forecast - Building a Scenario for USD/JPY Price Movement
I am pouring all my effort into creating an EA and indicators. I am not sure whether this logic is feasible, but with a fairly high probability, it may enable the display of Elliott Wave, something no EA or indicator has achieved before. As for the most important accuracy, if you read the USD/JPY scenarios up to now, you will recognize, with a frighteningly high probability, that this logic can capture market tops and bottoms. Once this tool is completed, backtesting will become possible in no time. The rest depends on your efforts, perhaps.＜2018.6.6 05:10 Scenario Creation＞
● Scenario 1
After rising to around 109.950–110.050, a pullback to around 109.800–900 occurs, followed by a rebound. If the price holds within 109.800–900 and breaks above the previous high, it could rise to around 110.050–150, entering a range or a pullback. If it breaks above the range, it could rise to around 110.250–350. If it breaks below the range or pulls back, it could fall to around 109.700–800. If it rises to around 110.250–350 and the upward momentum strengthens, there is a possibility of rising to around 110.450–650.
● Scenario 2
If 109.700 is broken on the 15-minute close, it could fall to around 109.600–500, entering a range or a pullback. If it breaks below the range, it could fall to around 109.450–350. If it breaks above the range or pulls back, it could rise to around 109.900–800. After a drop to around 109.450–350, it may again trade within or pull back around that level. If it breaks below the range, it could fall to around 109.250–150. If it breaks above the range or pulls back, it could rise to around 109.750–650. If it drops to around 109.250–150 and downside momentum strengthens, there is a possibility of falling to around 109.000–108.800.
※ This scenario is analyzed every morning around 5:00 and uses verbatim the “uptrend scenario” and “downtrend scenario” that appear in the video.After rising to around 109.950–110.050, a pullback to around 109.800–900 occurs, followed by a rebound. If the price holds within 109.800–900 and breaks above the previous high, it could rise to around 110.050–150, entering a range or a pullback. If it breaks above the range, it could rise to around 110.250–350. If it breaks below the range or pulls back, it could fall to around 109.700–800. If it rises to around 110.250–350 and the upward momentum strengthens, there is a possibility of rising to around 110.450–650.
● Scenario 2
If 109.700 is broken on the 15-minute close, it could fall to around 109.600–500, entering a range or a pullback. If it breaks below the range, it could fall to around 109.450–350. If it breaks above the range or pulls back, it could rise to around 109.900–800. After a drop to around 109.450–350, it may again trade within or pull back around that level. If it breaks below the range, it could fall to around 109.250–150. If it breaks above the range or pulls back, it could rise to around 109.750–650. If it drops to around 109.250–150 and downside momentum strengthens, there is a possibility of falling to around 109.000–108.800.
Tried Forecasting USD/JPY in a Video
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