7/23 5:36 Newsletter distribution: scenarios for USD/JPY price movement
Look at the USD/JPY chart, and if it’s easy to understand, I will write articles about the scenarios. [cc id=24719] [cc id=24719] Look at the USD/JPY chart, and if it’s easy to understand, I will write articles about the scenarios. [cc id=24719]
To win consistently in discretionary FX trading, it is important to establish a solid strategy
To win with discretion in FX trading, in the near future,you must be able to envision what you should do and when you should do it。Today’s USD/JPY forecast Build a scenario for USD/JPY price movements
Because the weekly support has been broken by the weekly close, there is a possibility of returning to the origin of the trend.If the 4-hour support is decisively broken, technically this would be a 135 PIPs channel line break, implying a decline to around 110.200–400.
＜2018.7.23 05:36 Newsletter distribution＞
● Scenario 1
If the range from 111.350–550 breaks upward, it will rise to around 111.700–800, then consolidate. A breakout from the range upward would push to around 111.950–112.050. A breakdown from the range or a further adjustment would push to around 111.350–450. After rising to around 111.950–112.050, it would again range or consolidate around that area. A breakout from the range upward could push to around 112.150–250. If it then breaks downward from the range or adjusts, it could fall to around 111.650–750. If it rises to around 112.150–250 and the upside momentum strengthens, there is a possibility of rising to around 112.450–650.
● Scenario 2
If the range from 111.350–550 breaks downward, it will fall to around 111.250–150, then break downward from the range or adjust. A breakdown from the range would push to around 111.050–110.950. A breakout from the range upward or adjustment would push to around 111.550–450. After falling to around 111.050–110.950, it would again range or consolidate around that area. A breakdown from the range would push to around 110.850–750. If it breaks upward from the range or adjusts, it would rise to around 111.350–250. If it falls to around 110.850–750 and the downside momentum strengthens, there is a possibility of falling to around 110.600–400.
If the range from 111.350–550 breaks upward, it will rise to around 111.700–800, then consolidate. A breakout from the range upward would push to around 111.950–112.050. A breakdown from the range or a further adjustment would push to around 111.350–450. After rising to around 111.950–112.050, it would again range or consolidate around that area. A breakout from the range upward could push to around 112.150–250. If it then breaks downward from the range or adjusts, it could fall to around 111.650–750. If it rises to around 112.150–250 and the upside momentum strengthens, there is a possibility of rising to around 112.450–650.
● Scenario 2
If the range from 111.350–550 breaks downward, it will fall to around 111.250–150, then break downward from the range or adjust. A breakdown from the range would push to around 111.050–110.950. A breakout from the range upward or adjustment would push to around 111.550–450. After falling to around 111.050–110.950, it would again range or consolidate around that area. A breakdown from the range would push to around 110.850–750. If it breaks upward from the range or adjusts, it would rise to around 111.350–250. If it falls to around 110.850–750 and the downside momentum strengthens, there is a possibility of falling to around 110.600–400.
Image of the rising-trend scenario
Image of the falling-trend scenario
Today’s USD/JPY forecast Results of the USD/JPY price-movement scenario
Trading using indicators and market principles
Starting with 100,000 yen in cash, using indicators and fundamental market principles, to what extent can the capital be grownThis time, I have listed on FX-ON and started selling the market principles, but since many people still can’t imagine how to use them, I made it into a video.
Trading video using market principles
Trading results using market principles
100,000 yen ⇒ 101,360 yen× ![]()
