YardleyRosette

EURJPY Uptrend Start, or retracement for downtrend continuation

Short
YardleyRosette Zaktualizowano   
FX_IDC:EURJPY   Euro Fx/Jen Japoński
Not a setup, but a downtrend continuation prediction is what I have in mind.
Price could follow the uptrendline, to continue up as Fibonacci tool predicts where it will lead to,
while 117.7 hit 61.8% & may be enough to continue downtrend with Traders Dynamic Index indication of reversal from an uptrend start.
Or price to move up according to its minor fibonacci lines 61.8% to 119.6, being, still at a red zone of the major fibonacci, allowing a turning point in the future to continue down if other conditions necessary continue to be met at that time.
Komentarz:
Failed prediction in immediate days.
This recorded prediction is added to my skills and written strategy explaining all possible events.
Essentially this Failed prediction is improving my strategy as I explained in my Public Profile "Status".
Komentarz:
Comments/Questions are welcome
Komentarz:
This was truly an upward breakout for the start of a new trend.
Komentarz:
Personal Notes:
How could I know it would breakout?
Traders Dynamic Index analysis confirmation?
Did I check Higher time frame Traders Dynamic Index indication?
No, yet H4 makes trough be seen as a likely pullback, thereby preventing incorrect entry.
Supertrend did signal such trend start.
Komentarz:
Multiple Time Frame Analysis was not available for me at that time, so I was more prone to error.
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.