2018.12.4 FX-ON投稿時刻 06:50 Pound/Yen movement forecast and scenarios

Pound/Yen Forecast: Using Indicators and Market Principles

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These market principles (indicators and EA) can display chart patterns such asflag,pennant, ranges, andtriangles, as well as Elliott Wave patterns and target rates on the chart.


Now, on the right side of the chart, let's see how they are displayed.

Pound/Yen 4-Hour Chart by Indicators and Market Principles

The 4-hour chart shows that the price has broken below the flag but has not been able to break the most recent low just above the neckline of the double bottom, and has returned.
Currently, the price is fluctuating at the bottom of the previous range. If this range is broken above, it suggests a move toward the upper end of the previously range; if broken below, it may break the most recent lows.