Future market outlook, strategies and opportunity currencies (from 8/9)
Hello, this is OnePiP Trading (@onepipst）
I want to forecast the market for 8/9 and set strategies 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 pleasefollow Twitter.
Table of contents
- Dollar/Yen (USD/JPY)
- Euro/Dollar (EUR/USD)
- Euro/Yen (EUR/JPY)
- Afterword
【USD/JPY】
Trading difficulty B－
Long-term outlook is down, short-term also down
Price is moving near the bottom
Whether it breaks the low as is, or bounces and gets bought
selling pressure is strong, so watch for a break below the low
In that case, aim for a breakout
All currencies have caught the low of a flash crash, so USD/JPY could too
If it buys, it would be a contrarian buy around the Fibonacci 161 or 150 area
4 hours
1 hour
【EUR/USD】
Trading difficulty A－
Long-term outlook is down, short-term is up
A rebound-selling setup may come in
If the neckline breaks, it might be okay to sell
In that case, target recent lows or Fibonacci 76
Conversely, for buying, target Fibonacci 50 or 38
4 hours
1 hour
Euro/Yen (EUR/JPY)】
Trading difficulty B－
Long-term outlook is down, short-term also down
Like USD/JPY, range around the bottom
If it drops further, look at the Fibonacci 200 low
If buying, look toward Fibonacci 161 or 150
4 hours
1 hour
【Afterword】
The arrows in the image indicate the favorable direction
Yellow indicates upward
Light blue indicates downward
This only indicates a favorable direction; it does not guarantee that price will react or rebound exactly at those levels
However, since arrows are drawn around key levels, please use them as trading references
The arrows could become take-profit or stop-loss points
And similarly, lines and Fibonacci levels can be used as references for take-profit, stop-loss, and entry points
Weekly market forecasts and strategies are updated on YouTube, and they are generally accurate
The important thing is how you apply them to your trades and entries
When the market strategy was correct or incorrect, your trading methods and mindset will differ
And please treat entries as a separate matter
