USDJPY > End of Year Trade > Education Purposes
This is NOT a recommendation to trade.
This is a trade executed for the 4th Qtr. of every year in a test to strengthen analysis strategies.
It is based on 5 year historical data and is intended for forecast accuracy based on the following pairs to obtain the most profitable target:
EURUSD - USDCAD - USDJPY - USDCHF - GBPUSD - AUDUSD
Trade Pair > USDJPY > SHORT
Timeframe > 3M
Estimated Price Range for Qtr. = 114.126 - 108.392
Estimated Closing Price 12/31/17 = 110.042
Total Target (Final) = 408.4 pips
SELL Entry Order will be placed on Sunday, October 1, 2017 and trade will remain open through 4th Qtr. and will be closed on December 31, 2017 15 minutes prior to market close.
Entry @ 114.126
T/P @ 110.042
Updates / Results will be reflected in comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
This is NOT a recommendation to trade.
This is a trade executed for the 4th Qtr. of every year in a test to strengthen analysis strategies.
It is based on 5 year historical data and is intended for forecast accuracy based on the following pairs to obtain the most profitable target:
EURUSD - USDCAD - USDJPY - USDCHF - GBPUSD - AUDUSD
Trade Pair > USDJPY > SHORT
Timeframe > 3M
Estimated Price Range for Qtr. = 114.126 - 108.392
Estimated Closing Price 12/31/17 = 110.042
Total Target (Final) = 408.4 pips
SELL Entry Order will be placed on Sunday, October 1, 2017 and trade will remain open through 4th Qtr. and will be closed on December 31, 2017 15 minutes prior to market close.
Entry @ 114.126
T/P @ 110.042
Updates / Results will be reflected in comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Comment:
SELL Entry Order placed @ 114.126
Comment:
If trading this pair, Pivot Point @ 112.80 good signal for Bullish Trend toward 114.40 level. Firm Break/Hold above 113.25/30 level provides further confirmation . IMO