Future market outlook, strategies and opportunity currencies (from 8/21)
Hello from Onepip Trade (@onepipst）
From 8/21, I would like to outline the market outlook, set a strategy, and look for entry points
Horizontal lines and trendlines are drawn based on the daily chart
Be aware that the FOMC minutes will be released at 3 a.m. tonight
For profits and other useful informationI am tweeting so pleasefollow on 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
【Dollar/Yen (USDJPY)】
Trading difficulty: B−
Long-term outlook is down, short-term is slightly down
Since it is below the 4-hour short-term MA, a pullback selling pressure may come in
If you are going to trade short, it is safe up to the line above the neck Fibonacci 100
Conversely, to go long, buy on the shorter time frames
Then up to around the Fibonacci 61 or the lines below it
4 hours
1 hour
【Euro/Dollar (EURUSD)】
Trading difficulty: B−
Long-term outlook is down, short-term also down
Although targeting a pullback selling, if the 4-hour MA confirms a bullish candlestick, it may be okay to buy
In that case, target Fibonacci 76 or higher levels and the retracement high
Conversely, if selling enters, target recent lows or the line below if it breaks
4 hours
1 hour
Euro/Yen (EURJPY)】
Trading difficulty: B−
Long-term outlook is down, short-term also down
It is trading near a bottom area
If buying occurs, there is a high possibility of a pullback to Fibonacci 76 or 61
Conversely, if selling pushes it toward the lows, watch the short-term chart and sell
4 hours
1 hour
【Pound/Dollar (GBP/USD)】
Trading difficulty: B−
Long-term outlook is down, short-term is slightly up
If the daily chart's short-term MA shows a grand pull, there may be a pullback selling pressure, but if buying momentum is strong, it may continue rising
However, if the buying momentum is strong, it will likely keep rising
For now, buying up to Fibonacci 61 below
If selling enters, target Fibonacci 76 or the line below
4 hours
1 hour
【Pound/Yen (GBPJPY)】
Trading difficulty: B−
Long-term outlook is down, short-term is slightly up
Similar to GBPUSD, pullback selling seems possible, but there is also room to buy
Buying up to Fibonacci 50 above the line
If selling enters, target Fibonacci 76 or the line below
4 hours
1 hour
【Afterword】
Arrows on the image indicate the favorable direction
Yellow indicates upward direction
Light blue indicates downward direction
Trading difficulty
The easier it is to move toward A
But that only means there is an edge in that direction; it does not guarantee reaction or rebound at that rate
However, since arrows are drawn near key turning points, please use this as reference for trading
The arrows may become targets for taking profit or stop loss
And similarly, use the lines and Fibonacci for take profits, stop losses, and entry points
Weekly market outlook and strategy are posted on YouTube, and they are generally accurate
What matters is how you apply them to your trading and entries
When the market strategy was correct or incorrect, the way you trade and your mindset will differ
And please consider entries as a separate matter
