Last week I have made +376 pips with my method.
My USD/JPY analysis:
5.1 USD/JPY WEEK.
This is a downtrend. The situation has not changed since last week. If the price hits down level 2/8, it is very likely to reach level 0/8, because on the way to this level the price has only weak local reversal level 1/8.
5.2 USD/JPY DAY
A downtrend. On the way to target T1 there is a strong reversal level 2/8, which is significant on weekly charts, that is why the price is very likely to reach level 2/8 and further retracement from this level is possible, when the price moves into lower trading range.
5.3 USD/JPY 240
This is a downtrend. The price is in the trading range, there is a strong reversal level 0/8, which is significant on senior time frames, on the way to the target. There is quite a large move range from p.4 to level 8/8, from which the trendâs reversal or a deep retracement are very likely.
My USD/JPY analysis:
5.1 USD/JPY WEEK.
This is a downtrend. The situation has not changed since last week. If the price hits down level 2/8, it is very likely to reach level 0/8, because on the way to this level the price has only weak local reversal level 1/8.
5.2 USD/JPY DAY
A downtrend. On the way to target T1 there is a strong reversal level 2/8, which is significant on weekly charts, that is why the price is very likely to reach level 2/8 and further retracement from this level is possible, when the price moves into lower trading range.
5.3 USD/JPY 240
This is a downtrend. The price is in the trading range, there is a strong reversal level 0/8, which is significant on senior time frames, on the way to the target. There is quite a large move range from p.4 to level 8/8, from which the trendâs reversal or a deep retracement are very likely.