This week's market forecast and strategy (Aug 12–Aug 17)
Hello, this is One Piece Trade (@onepipst)
I have prepared the weekly market forecast and strategy, please take a look (8/5–8/10)
There are also profits and other useful things being tweeted, so please follow Twitter.
YouTube Channel
https://www.youtube.com/channel/UCd7eOHBGyBMROlHWh9S1yWg
Table of Contents
- USD/JPY (Dollar-Yen)
- EUR/USD (Euro-Dollar)
- EUR/JPY (Euro-Yen)
- GBP/USD (Pound-Dollar)
- GBP/JPY (Pound-Yen)
- EUR/AUD (Euro-Australian Dollar)
- Video
- Epilogue
【USDJPY】
Long-term outlook is down, short term also down
There may be a pullback buying moment
But selling pressure remains strong
Watch for selling down to the flash crash lows
【EURUSD】
Long-term outlook is down, short term also down
If the neck line is broken and a short-term trend is formed, go with selling
Conversely, if new highs are reached, go with buying
EURJPY】
Long-term outlook is down, short term also down
The market is dominated by selling
Selling on pullbacks or on breaks is effective
However, a pullback may occur, so counter-trend buying is also possible
【GBPUSD】
Long-term outlook is down, short term also down
Selling pressure is strong
If a pullback occurs, it might be okay to sell again
But a large rebound could occur, so
counter-trend buying may be considered then
【GBPJPY】
Long-term outlook is down, short term also down
A strong selling market like GBPUSD
If a pullback occurs, selling again could be good
However, a large rebound could occur
In that case, counter-trend buying may be considered
EUR/AUD
Long-term outlook is up, short term also up
The market may attempt to form a double top
You can attack by buying to test the previous high
Conversely, if it breaks the low, go with selling
【Video】
The video is here
【Epilogue】
Our weekly market forecasts and strategies released on YouTube are usually accurate
The important thing is how you apply them to trading and entries
When the market strategy was correct or not, the method of trading and thinking changes
And again, please treat entries as something different
