AhmedMesbah

USD/JPY Current Situation and available opportunities! [4HC]

AhmedMesbah Updated   
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Hello!

Firstly, keep in mind that this plan is set apart from Trump's inauguration tomorrow!

1. Short scenario:
* 2 Targets.
* About 225 Pips.
* About 4 days execution.

2. Long scenario:
*2 Targets.
*About 130 Pips.

*** DO NOT enter now. You need to watch and catch the chance if requirements on the chart are met.

Regards
Trade active:
Hanging on line. Needs to be followed up.
Trade active:
Current candle will close in about 20 minutes from now. Watch it closely, If t closed below the marked BLACK horizontal line, then sell it to 114.005. This line is a confirmation to the pre-support above it.
Trade active:
Still bouncing in the non-trading area. Breakouts should be taken seriously.
Trade active:
Its important to read this notice for those who are following this plan:

*Current price action is stressed. 2 candles closed below the marked line. yet being pushed up for yesterday's and today's events. Yet! the price is bouncing in the NON TRADING AREA.

I would say, Closing below 114.510 is bearishing directly for a 100 Pips to a quite strong support @ 113.980.

Bullish scenario: Due to todays events, a breakout of 115.650 is an absolute bullish action to the strong resistance116.250.
Trade active:
A high potential bearish movement is expected to 114.005.
Trade active:
First target is hit. Lets see if it succeeds to penetrate the current support line.
Trade active:
If 113.700 is broken, then we will have a good potential to go as low as 112.600.
Trade active:
Bearishing nicely according to the setup. Next target still 112.600.
Trade closed: target reached:
Target 2 reached.

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