This week's market forecast and strategy (Aug 19–Aug 24)
Hello, this is OnePiece Trading (@onepipst)
I have prepared a weekly market forecast and strategies, please take a look (8/19–8/24)
There are also profits and other useful things being tweeted, please follow Twitter.
Please base your strategies on the video and your own charts and articles
YouTube channel
https://www.youtube.com/channel/UCd7eOHBGyBMROlHWh9S1yWg
Table of contents
- Dollar/Yen (USD/JPY)
- Euro/Dollar (EUR/USD)
- Euro/Yen (EUR/JPY)
- Pound/Dollar (GBP/USD)
- Pound/Yen (GBP/JPY)
- Video
- Afterword
【Dollar/Yen (USDJPY)】
Long-term looks down, short-term also down
A rebound is being made for now, so a pullback may be sold into
If it breaks below the short-term MA, consider selling
On the contrary, it may continue to be bought
Consider buying up to the Fibonacci 61 near or up to the 50% level
【Euro/Dollar (EURUSD)】
Long-term looks down, short-term also down
A pullback market
Could move toward the lows
Conversely, you can consider buying toward zones around Fibonacci 76 or 61 for a retracement
Euro/Yen (EURJPY)
Long-term looks down, short-term also down
Trading around a bottom area
If it sells off and breaks the low, just sell
Conversely, a daily short-term MA might attract buying on pullbacks
Also consider contrarian buys up to Fibonacci 76, 61, and 50
【Pound/Dollar (GBP/USD)】
Long-term down, short-term down as well
Expect pullback selling to come in
If it sells, consider near-term lows or a break of the lows
Conversely, if buying accelerates, consider contrarian buys at Fibonacci 61, 50, 38, and 23
【Pound/Yen (GBPJPY)】
Long-term down, short-term down as well
May be okay to apply the same thinking as GBP/USD
Be wary of pullback selling
Conversely, buying works well at Fibonacci 38, 23, or 0 for contrarian buys
And then selling may resume from there
【Video】
The video is here
【Afterword】
The market outlook and strategies released weekly on YouTube are generally accurate
What matters is how you apply them to trading and entries
When market strategies were correct or incorrect, your trading methods and thinking change
And please treat entries as a separate matter
