Future market outlook, strategies and opportunities currencies (7/31～)
Hello, this is OnePipTrade (@onepipst）
From 7/31 onwards, I will forecast the market, outline strategies, and look for entry points
I base horizontal lines and trend lines on daily charts
Today there is an FOMC
I also tweet about profits and other useful things,so pleasefollow on Twitter.
Table of contents
- USD/JPY
- EUR/USD
- EUR/JPY
- GBP/USD
- GBP/JPY
- Afterword
【USD/JPY】
Trading difficulty: B－
Long-term outlook is down, short-term is up
In a range
If there is no new high, there may be selling toward the lows again
If the short-term MA breaks below or price breaks below the 76 Fibonacci level, you could enter a short position
The targets are the line below 76, which is the Fibonacci 100, and the line below that
If highs are updated, I would like to pick up long positions on smaller timeframes
4-hour
1-hour
【EUR/USD】
Trading difficulty: A－
Long-term outlook is down, short-term is down
There may be a retrace to Fibonacci 100 or 123 for a bounce
So counter-trend buying could be considered
If a rebound near that area causes a sell-off, enter a sell order
Target is the recent low
If it breaks the low, move to Fibonacci 160
4-hour
1-hour
EUR/JPY】
Trading difficulty: A－
Long-term outlook is down, short-term is down
There are moments where I want to enter a short position
Since it is near the channel upper bound, I want to sell
Target is Fibonacci 100 or 123
However, there is also a considerable chance of a short-term higher high
So I would push toward Fibonacci 61, 76
4-hour
1-hour
【GBP/USD】
Trading difficulty: A－
Long-term outlook is down, short-term is down
A strong selling market
Counter-trend buying is also quite possible
If so, use quick stop losses
In a strong trend, counter-trend positions can lead to big losses
Therefore, be mindful of the Grandville (Guppy) on the short-term MA
4-hour
1-hour
【GBP/JPY】
Trading difficulty: A－
Long-term outlook is down, short-term is down
A strong selling market like GBP/USD
Selling on rallies is effective
It would be good to be mindful of the Grandville on the short-term MA
4-hour
1-hour
【Afterword】
The arrows in the image indicate the favorable directions
Yellow indicates upward direction
Light blue indicates downward direction
It does not mean you will surely react or rebound at that rate; it only indicates a relative edge in that direction
However, since the arrows point near key levels, please use them as a reference for trading
The arrows may become take-profit or stop-loss points
And the lines and Fibonacci levels should also be used as references for take-profit, stop-loss, and entry points
I publish market forecasts and strategies weekly on YouTube and they are generally accurate
What matters is how you apply them to your trading and entries
When market strategy is right or wrong, approaches to trading and thinking change
And please treat entries as a separate matter
