10/16 05:54 Newsletter distribution Scenario of USD/JPY price movement
In order to keep winning with discretionary trading in FX, it is important to establish a solid strategy
To win in FX with discretion, in the near future,you must imagine what to do and when to act, otherwise you cannot win。
“There’s no way I can know that”
“Only an expert can do it”
is what some may think. Become a reader of this site and watch the articles and results.
You will surely notice the surprisingly high predictive accuracy of that scenario.
With that said, let’s move past the preface and build a basic scenario for price movement that forms the foundation of the strategy.
Today’s USD/JPY forecast: constructing a price movement scenario for USD/JPY
The 111.800 support/resistance level is in effect, but if you break it with the daily close, there is a possibility of a decline to the next notable level.If you break this line with the daily close, a fall toward around 110.700 is expected.
＜2018.10.16 05:54 Newsletter Release＞
● Scenario 1
Details arehere
● Scenario 2
If you break out upward from the 111.650–900 range, prices may fall to around 111.550–450, indicating a range or pullback. If you break down from the range, prices may fall to around 111.350–250. If you break out upward or pull back, prices may rise to around 111.900–800. After a fall to around 111.350–250, a range or pullback may occur again around that level. If you break down from the range, prices may fall to around 111.150–050. If you break out upward or pull back, prices may rise to around 111.650–550. After a fall to around 111.150–050, a rebound could occur around that area.
Details arehere
● Scenario 2
If you break out upward from the 111.650–900 range, prices may fall to around 111.550–450, indicating a range or pullback. If you break down from the range, prices may fall to around 111.350–250. If you break out upward or pull back, prices may rise to around 111.900–800. After a fall to around 111.350–250, a range or pullback may occur again around that level. If you break down from the range, prices may fall to around 111.150–050. If you break out upward or pull back, prices may rise to around 111.650–550. After a fall to around 111.150–050, a rebound could occur around that area.
Imagination of an Uptrend Scenario
Imagination of a Downtrend Scenario
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