This Week's Market Forecast and Strategy (07/16–07/20)
Hello, this is OnePi Trade (@onepipst)
I have prepared the weekly market forecast 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
- Dollar/Yen (USD/JPY)
- Euro/Dollar (EUR/USD)
- Euro/Yen (EUR/JPY)
- Pound/Dollar (GBP/USD)
- Pound/Yen (GBP/JPY)
- Videos
- Afterword
【Dollar/Yen (USDJPY)】
Long-term outlook is up, short-term slightly down
In a range
Upside: buy up to Fibonacci 76 and 61
Downside: sell to Fibonacci 123 and 138
If price can break above the current near-term support, it may break down further
【Euro/Dollar (EURUSD)】
Long-term outlook up, short-term down
Since it’s near the lower bound of the channel, if it rises buy up to Fibonacci 100 and 123
If selling comes in, sell to Fibonacci 50, 38, and the recent low
Imagine scenarios where there’s a double top leading to buying, or pullbacks selling
Euro/Yen (EURJPY)】
Long-term outlook down, short-term also down
In a range
If selling continues, it may reach the recent low’s Fibonacci 100 or below
If it returns to range, buy, stepping through Fibonacci 61, 50, 38 and alternately buying and selling
This allows for range trading
【Pound/Dollar (GBP/USD)】
Long-term outlook down, short-term down as well
Strategy: sell on rallies and reverse-buy after breaking Fibonacci 100
Since a rebound has occurred, it may continue downward toward Fibonacci 123, recent low, or Fibonacci 138
Conversely, if it breaks above Fibonacci 100 and resumes a rally, follow with buying
【Pound/Yen (GBPJPY)】
Long-term outlook down, short-term down as well
Sell after a rebound toward Fibonacci 123 or above nearby line
To recent low or Fibonacci 138
Buy up to Fibonacci 100 or above nearby line
Envisioning a rebound or range trading
【Video】
The video is here
【Afterword】
Weekly market forecasts and strategies are usually quite accurate on YouTube
What matters is how you apply them to trading and entries
When market strategies were right or wrong, your trading approach and thinking change
And please consider entries as something separate
