Weekly Market Forecast and Strategy (07/08–07/13)

Hello, this is Onepiptrader (@onepipst)

I have prepared a weekly market outlook and strategies, please take a look (7/8–7/13)

I also tweet about profits and other useful things,so pleasefollow us on Twitter.

YouTube channel

https://www.youtube.com/channel/UCd7eOHBGyBMROlHWh9S1yWg

Table of contents

1. USD/JPY
2. EUR/USD
3. EUR/JPY
4. GBP/USD
5. GBP/JPY
6. Video
7. Afterword

【USD/JPY】

Long-term outlook down, short-term up

Though in a short-term uptrend, a pullback selling phase may occur

Pay attention to the Fibonacci 100 and above lines, and the MA

If price breaks below the Fibonacci 100 line, selling may become likely

In that case, price may fall to the Fibonacci 123 or 138 levels

【EUR/USD】

Long-term outlook up, short-term down

There is a possibility of a bounce, up to Fibonacci 61 or 76

If a rebound occurs or if selling continues, trade along the lines from Fibonacci 38 downward

The maximum could be Fibonacci 0 at the most recent low

For buying, wait for a pullback or if price surpasses Fibonacci 76 and stays above short-term MA, consider buys up to Fibonacci 100 or 123

Idea for range trading between the lower and upper bounds of the channel

EUR/JPY

Long-term outlook down, short-term also down

Selling may continue toward Fibonacci 76 or around 100

In the lower scenario, if price breaks above Fibonacci 61, you might target Fibonacci 50 or 38, 23

【GBP/USD】

Long-term outlook down, short-term down

A pullback may occur

Consider buys up to Fibonacci 76 or 61

If the rally continues, buying up to the neckline Fibonacci 38 or near the highs may occur

If a pullback comes, go for selling opportunities

【GBP/JPY】

Long-term outlook down, short-term down

There may be a pullback

Up to Fibonacci 100 or 76

If a bounce occurs, it may become a range trade

Whether it breaks higher or lower,

that is something to plan your strategy around

【Video】

The video is here

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【Afterword】

Weekly market outlook and strategy are usually quite accurate on YouTube

What matters is how to apply it to trades and entries

When market strategy is correct or incorrect, the method and way of trading and thinking will differ

And please consider entries as something separate