Marenno
Short

USDJPY SHORT ENTRY LEVELS, EURO SESSION ONLY

FX:USDJPY   U.S. Dollar/Japanese Yen
More chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones



Next webirar (London time): 03/08/16 10:00 https://www.youtube.com/watch?v=_T25VPWRP8g

How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows.
Reviewing the most recent PA 1&2 period patterns we have:


1D Bearish Pattern
1W Bearish Pattern


Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar.



Learning material:
How to count option levels: http://marenno.com/index.php/counting-option-levels/
How to Filter out False reversal points:
Filtering out a false reversal points



Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade:
Option level R4 102.035
Option level R3 102.035
Option level R2 101.585
Option level R1 101.134
Option level S1 101.034
Option level S2 100.517
Option level S3 100.008
Option level S4 100.008

Session (current session only) levels:
r3 101.942
r2 101.656
r1 101.370
p 101.059
s1 100.773
s2 100.462
s3 100.176

I really hope that sharing of my routine with you, will help you in your trading.

Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading.

Sincerely
Arturs Jermolickis
arthur@marenno.com
skype: marenno.business
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
youtube channel:
youtube.com/c/marenno

Using:
http://marenno.com/index.php/how-to-use-volume-and-open-interest-option-levels/

Counting:
http://marenno.com/index.php/counting-option-levels/

Banned: https://www.facebook.com/marennoacademy/
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