Future market outlook, strategies and opportunity currencies (from 8/14)
Hello, this is OnepiTrader@onepipst)
From 8/13, I would like to forecast the market, develop a strategy, and look for entry points
I base horizontal lines and trend lines on the daily chart
I also tweet about profits and other useful thingsso pleasefollow me on Twitter.
Table of Contents
- USD/JPY
- Afterword
【USD/JPY】
Trading difficulty B-
Long-term outlook is downward, short-term slightly upward
Moved greatly by last night’s tariff issue
Whether the trend will reverse in the future or resume selling depends on future movements
If last night’s buying was only a rebound, it may start selling again
Please pay attention to the daily chart
The low body of the flash crash and the lows reached in June and July may act as support, and there may be a rebound around that area
Conversely, if you break through that area, the probability of a trend reversal may rise in the future
For now, please trade in intraday fashion along the arrows
And other currencies are likely to move around USD/JPY as the focal point
Daily chart
4 hours
1 hour
15 minutes
5 minutes
【Afterword】
The arrows drawn in the image point to their respective advantageous directions
Yellow indicates upward direction
Light blue indicates downward direction
It does not mean that in that direction there is guaranteed reaction or rebound at that rate
However, since arrows are drawn near key levels, please use them as trading references
The arrows may become the take-profit or stop-loss points
And the lines and Fibonacci levels can likewise be used as take-profit, stop-loss, and entry references
My market forecasts and strategies are generally in line with what I discuss on my weekly YouTube streams
What matters is how to apply them to trading and entries
When the market strategy was correct or incorrect, the trading method and thinking change
And please consider each entry as a separate thing