USD JPY Experimental Time Interval Strategy
At first glance, my chart may seem meaningless with an array of seemingly random colored lines scattered across it, but there is a method to my madness. With that said, this strategy is purely experimental. While the horizontal lines represent key Fibonacci levels, the vertical lines are where all the experimentation is happening. On a 15 minute timescale, I first identified what seemed to be a head and shoulders pattern forming. From there, I decided to place time intervals from: The base of the whole cycle to the peak of the head, the inner base of the first shoulder to the inner base of the second shoulder, and then from the peak of the first shoulder, to the peak of the second shoulder. On the graph, these intervals are represented by different colored lines. Using Fibonacci levels, I then located where I see price moving down into the Fib. retracement sweet spot. The only thing left to find out was the time interval at which price will reach that sweet spot. This dilemma is why I decided to plot the time intervals I mentioned above. By doing so, my thought is that I will be able to use those predetermined intervals to estimate when price will fall back down to the shoulder's base level, and then down into the Fib. sweet spot.
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