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

Updated

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.

AhmedMesbah

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