Can we expect a recovery in volatility?

OANDA:GBPJPY   British Pound / Japanese Yen
We can see from weekly that volatility became apparently small since 2017.


140.000 - 155.000 Both of the upper and lower of the range are blank.
Therefore, if you go outside one of the upper and lower ranges, it may be possible to expect volatility to recover.

Since it is the most recent range, I will aim for both long entry and short entry as usual.

<< tactics >>
If MPP (P) 146.041 functions as a support line, think long entry.

The first limit is under YPP (P) 140.077
The second limit will be decided based on WePP next week.

I would be grateful if you like it idea,give me follow or agrees!

------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thick line: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red thick line: Untrustworthy line for me

Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close

x mark: Line which may not function
------------------------- <Legend> --------------------------
Trade closed: stop reached:
Unfortunately, let's go next!
Hi, thanks for sharing your idea. This is what I am personally doing I am holding until 61.8%. Its current 67 pips from it
@uakpan, that's a good insight.Why do you think it will go 61.8%?
+1 Reply
uakpan fondiea
@fondiea, Hi, sorry for the late response. Its because of the harmonic pattern. It did get to 61.8% :)
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