Forecast and strategies for this week's market (8/5–8/10)
Hello, this is OnePi Trading (@onepipst)
I have prepared the weekly market forecast and strategies, please take a look (8/5–8/10)
I also post profits and other useful information in tweets, please follow on Twitter.
YouTube channel
https://www.youtube.com/channel/UCd7eOHBGyBMROlHWh9S1yWg
Table of contents
- USD/JPY
- EUR/USD
- EUR/JPY
- GBP/USD
- GBP/JPY
- Video
- Afterword
【USDJPY】
Long-term outlook is down, short-term also down
There may be a rebound buying opportunity for a pullback
Consider a pullback to Fibonacci 100 or 76, and sell from there
Counter-trend buying is also possible
However, since selling is strong, it could continue to fall as is
Consider down to Fibonacci 138 and below
【EURUSD】
Long-term outlook is down, short-term also down
There may be a rebound buying opportunity
Consider a pullback to Fibonacci 76 and 61, and sell from there
Counter-trend buying is also possible
As buying progresses, consider buying up to Fibonacci 38 or 23, and up to the recent high
EURJPY】
Long-term outlook is down, short-term also down
There may be a rebound buying opportunity
Consider a pullback to Fibonacci 150 or 138 and 128, and sell from there
Counter-trend buying is also possible
However, since selling is strong, it could continue to fall as is
Consider down to Fibonacci 176 and below
【GBPUSD】
Long-term outlook is down, short-term also down
There may be a rebound buying opportunity
Consider a pullback to Fibonacci 150–100, and sell from there
Counter-trend buying is also possible
However, since selling is strong, it could continue to fall as is
Consider down to Fibonacci 176 and below
【GBPJPY】
Long-term outlook is down, short-term also down
There may be a rebound buying opportunity
Consider a pullback to Fibonacci 123 or 100, and 76, and sell from there
Counter-trend buying is also possible
However, since selling is strong, it could continue to fall as is
Consider down to Fibonacci 150 and below
【Video】
The video is here
【Afterword】
Weekly market outlook and strategies are generally correct when I publish on YouTube
What matters is how to apply them to trades and entries
When market strategies work well and when they don’t, trading methods and thinking will differ
And again, please treat entries as something separate
