USD/JPY possible Final target: Purple Zone (Nikita FX)
I used to use this type of parallel structure in order to predict a possible Final
target. In case of the recent major-reversal of USD/JPY, it should be helpfull.
Therefore TP 1 will be at 102.27 (Green channel bottom ) and
TP 2 will be at 100.12 (Purple channel bottom ).
Look at the recent bottom (105.19) which is almost as same as 487 pips Drop
of 103.72--98.85 (110.08--105.19: 489 pips Drop this time: 2 pips difference ! )
Nikita FX (climbingfx.jugem.jp/ )
target. In case of the recent major-reversal of USD/JPY, it should be helpfull.
Therefore TP 1 will be at 102.27 (Green channel bottom ) and
TP 2 will be at 100.12 (Purple channel bottom ).
Look at the recent bottom (105.19) which is almost as same as 487 pips Drop
of 103.72--98.85 (110.08--105.19: 489 pips Drop this time: 2 pips difference ! )
Nikita FX (climbingfx.jugem.jp/ )
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.