Future market outlook, strategies and opportunity currencies (from 8/20〜)
Hello, this is OnePiP Trade@onepipst)
I would like to forecast the market for 8/20, outline strategies, and search for entry points
I draw support/resistance lines and trend lines 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)
- Pound/Dollar (GBP/USD)
- Pound/Yen (GBP/JPY)
- Afterword
【USDJPY】
Trading difficulty B−
Long-term outlook is down, short-term is up
Since the 4-hour short-term moving average is above, it might be okay to go long
However, if this is only a pullback, selling pressure could come in
Also consider that the daily chart may have Grand Bill (Grandville) lines where selling could appear
Conversely, if selling accelerates as is, it may test lower prices again
4 hours
1 hour
【EURUSD】
Trading difficulty B−
Long-term outlook is down, short-term also down
The selling momentum seems to have weakened for now, but there is still a possibility of it extending lower
If a retrace attracts buying, watch the Fibonacci 76% or the most recent swing high
4 hours
1 hour
Euro/Yen (EURJPY)】
Trading difficulty A−
Long-term outlook is down, short-term also down
It is moving in a low price range
If buying occurs, retracements to 76% or 61% are likely
If selling enters and price heads lower, look at the short-term chart and sell
4 hours
1 hour
【GBPUSD】
Trading difficulty B−
Long-term outlook is down, short-term slightly up
There may be a pullback selling pressure around the daily short-term MA, and a possible retracement selling
But if buying momentum is strong, it will likely continue rising
For now, buys are until below Fibonacci 61
If selling comes in, target the recent low
1 hour
【GBPJPY】
Trading difficulty B−
Long-term outlook is down, short-term slightly up
Similar to GBPUSD, a retracement selling scenario may occur
Buys up to the Fibonacci 50 line
If selling comes and price breaks below Fibonacci 61 and forms a short-term trend, consider selling to the recent low
4 hours
1 hour
【Afterword】
The arrows drawn in the image indicate the favored direction
Yellow indicates upward direction
Light blue indicates downward direction
The closer to A, the easier
But it only indicates a relative advantage in that direction; it does not guarantee a reaction or rebound at that rate
However, since arrows are drawn near key levels, please use them as a reference for trading
Arrows may become take-profit or stop-loss points
And lines and Fibonacci can similarly be used as take-profit, stop-loss, or entry-point references
Every week I stream market forecasts on YouTube, and the strategies almost always align
What matters is how you apply them to trading and entries
When the market strategy was correct, and when it was not, your trading methods and thinking will differ
And also treat entries as a separate matter
