10/3 06:05 Newsletter delivery: USD/JPY price movement scenario
To consistently win in FX with discretionary trading, it’s important to establish a solid strategy
To win in FX with discretionary trading, in the near future,you must imagine how you should move in different situations; without that, you cannot win。“There’s no way to know that.”
“Only experts can do this.”
If you think that, become a reader of this site and watch the articles and results.
You will undoubtedly notice how incredibly high the predictive accuracy of those scenarios is.
With that said, enough preliminaries; let’s set up the movement scenarios that form the basis of the strategy.
Today’s USD/JPY Forecast: Building A Price Movement Scenario for USD/JPY
From a chart pattern perspective, there is a possibility of a decline toward around 113.350–450.
If it doesn’t fall that far, it may surge sharply.
Outlook: neutral
＜2018.10.3 06:05 Newsletter Release＞
● Scenario 1
If it breaks above 113.500–800 consolidation, it would rise toward around 113.950–114.050, then consolidate. A breakout above the consolidation could push toward 114.150–250. If it breaks below the consolidation or pulls back, it could fall toward around 113.600–700. After rising toward 114.150–250, it may consolidate again near that level. A breakout above the consolidation could push toward 114.350–450. If it breaks below the consolidation or re-adjusts, it could fall to around 113.800–900. After moving up to around 114.350–450, a pullback might occur.
● Scenario 2
If it breaks below 113.500–800 consolidation, it would fall toward around 113.350–250, then consolidate or adjust. A breakout below the consolidation could push toward around 113.150–050. A breakout above the consolidation or adjust could push toward around 113.700–600. After falling to around 113.150–050, it may consolidate near that area again. If it breaks below the consolidation, it could fall to around 112.950–850. A breakout above the consolidation or adjust could push toward around 113.500–400. If it falls to around 112.950–850 and momentum to the downside strengthens, it may drop toward around 112.750–550.
If it breaks above 113.500–800 consolidation, it would rise toward around 113.950–114.050, then consolidate. A breakout above the consolidation could push toward 114.150–250. If it breaks below the consolidation or pulls back, it could fall toward around 113.600–700. After rising toward 114.150–250, it may consolidate again near that level. A breakout above the consolidation could push toward 114.350–450. If it breaks below the consolidation or re-adjusts, it could fall to around 113.800–900. After moving up to around 114.350–450, a pullback might occur.
● Scenario 2
If it breaks below 113.500–800 consolidation, it would fall toward around 113.350–250, then consolidate or adjust. A breakout below the consolidation could push toward around 113.150–050. A breakout above the consolidation or adjust could push toward around 113.700–600. After falling to around 113.150–050, it may consolidate near that area again. If it breaks below the consolidation, it could fall to around 112.950–850. A breakout above the consolidation or adjust could push toward around 113.500–400. If it falls to around 112.950–850 and momentum to the downside strengthens, it may drop toward around 112.750–550.
Imagery of a rising-trend scenario
Imagery of a falling-trend scenario
Today’s USD/JPY Forecast: Results of the USD/JPY Price Movement Scenarios
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