USDJPY FX Chart analysis December 16th

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I will begin USDJPY Chart analysis for December 16th

This is 30m candle chart for USDCHF for last Friday.

It followed route B with drastic fall, ignoring the indicated wave pattern and entry timing.

If you look at the blue finger pointer, there was a drastic fall directly to the maximum point.

When it comes to this kind of a variable, it is very important to understand the movement including drastic fall and rise.

I changed my strategy to long position and made profit.

After the rebound, it ended up with drifting sideways.

Today we have 30m candle chart for USDJPY.

It is still drifting sideways within the daily candle chart’s trend.
So I brought a strategy based on this factor.

1. Please refer to route A & B with A’s long position entry timing / B’s short position entry timing and price points.

2. In case of route A, please check the price goes down below your entry point / If it goes up, please check if it goes above the final “smile face” line. / If it does not make it to the top, please switch into short position.

3. When it follows route B, please first check out the finger pointer part where the price could directly go up / If it does, please follow route A.

4. At route B’s final long position entry point, close your position if it goes down below parallel supporting line with an additional candle.

This is it for today.

I believe the direction will be turned out within the range of green parallel line.

It may just end up with drifting sideways. So please refer to this for your safe trading.

I will come back to you tomorrow.

Thank you.

(Translation Help
Jae Ho Shin)

BitCoinGuide

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