Future market outlook, strategies and opportunity currencies (from 8/7) USD/JPY

Hello, this is OnePiece Trade (@onepipst）

From 8/7, I will forecast the market and develop a strategy to look for entry points

I draw horizontal lines and trendlines based on the daily chart

I also tweet about profits and other useful things, so please followTwitter.

【USDJPY】

Trade difficulty A－

Long-term outlook is down, short-term also down

Retracement selling is effective

Since a retrace has already started, there is a possibility of further selling

Selling up to the Fibonacci 176 or recent lows will occur

Therefore, sell on the shorter timeframes

If it instead begins to push for a rebound, buys up to Fibonacci 150 or 138 are effective

On the shorter timeframe, buy after price is above the short-term moving average

4 hours

1 hour

15 minutes

【Afterword】

The arrows drawn in the image indicate the directional edge

Yellow indicates upward direction

Light blue indicates downward direction

But that direction only has an edge; it does not guarantee that the rate will react or rebound exactly at that level

However, since arrows are drawn near key levels, please use them as a reference for trading

The arrows may become take-profit or stop-loss points

And likewise lines and Fibonacci should be used as reference for take-profit, stop-loss, and entry points

Weekly market forecasts and strategies are published on YouTube, and they usually align with reality

What matters is how to apply them to trading and entries

When the market strategy was correct or incorrect, the way you trade and think changes

And again, think of entries as a separate matter