10/1 06:24 Newsletter distribution Yen-Dollar price movement scenario
Look at the USD/JPY chart, and if it’s easy to understand, I will write articles about the scenario.
To continue winning in discretionary FX trading, it is important to establish a solid strategy
To win with discretion in FX, in the near future,you must image what to do and when to move.「There’s no way I can know that」
「Only experts can do it」
If you think so, become a reader of this site and watch the articles and results.
You will undoubtedly notice how incredibly high the predictive accuracy of that scenario is.
Well then, enough preface, let’s create a scenario of price movement that forms the basis of the strategy.
Today's USD/JPY Forecast: Building a USD/JPY Price Movement Scenario
Since it has broken upward from a consolidation, the chart pattern suggests it could move toward around 112.900 (see the rising-trend image).
<2018.10.1 06:24 Newsletter Distribution>
● Scenario 1
If it breaks upward from the 113.600–750 range, it will likely rise toward around 113.850–950, then pull back toward around 113.650–750 and bounce. If the pullback settles around 113.650–750 and the previous high is broken upward, it could rise toward around 114.050–150. If it rises to around 114.050–150 and the upside momentum strengthens, it could move toward around 114.250–450.
● Scenario 2
If it breaks downward from the 113.600–750 range, it may fall toward around 113.450–350, enter a range or correction. A breakdown from the range could lead to around 113.250–150. If it breaks upward from the range or continues the correction, it could rise toward around 113.750–650. After falling to around 113.250–150, it may again move in that vicinity within a range or correction. A breakdown from the range could push toward around 113.050–112.950. If it then breaks upward from the range or continues the correction, it could rise toward around 113.550–450. If it falls to around 113.050–112.950 and downside momentum strengthens, it could drop toward around 112.850–650.
If it breaks upward from the 113.600–750 range, it will likely rise toward around 113.850–950, then pull back toward around 113.650–750 and bounce. If the pullback settles around 113.650–750 and the previous high is broken upward, it could rise toward around 114.050–150. If it rises to around 114.050–150 and the upside momentum strengthens, it could move toward around 114.250–450.
● Scenario 2
If it breaks downward from the 113.600–750 range, it may fall toward around 113.450–350, enter a range or correction. A breakdown from the range could lead to around 113.250–150. If it breaks upward from the range or continues the correction, it could rise toward around 113.750–650. After falling to around 113.250–150, it may again move in that vicinity within a range or correction. A breakdown from the range could push toward around 113.050–112.950. If it then breaks upward from the range or continues the correction, it could rise toward around 113.550–450. If it falls to around 113.050–112.950 and downside momentum strengthens, it could drop toward around 112.850–650.
Image of the Uptrend Scenario
Image of the Downtrend Scenario
Trading Using Market Principles
The original article is,here
× ![]()
