This Week's Market Forecast and Strategy (Aug 26 – Aug 31)
Hello, this is One Piece Trade@onepipst)
Please take a look at the weekly forecast and strategy (8/26–8/31)
We also post profits and other useful content, follow on Twitter
Base your strategy on the videos, using your own charts and articles as references
YouTube channel
https://www.youtube.com/channel/UCd7eOHBGyBMROlHWh9S1yWg
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 is down, short-term also down
Whether it will move toward new lows again, or move up toward around the Fibonacci 76 area
This week will likely move within that range
Therefore, trade on shorter timeframes
【Euro-Dollar (EURUSD)】
Long-term outlook is down, short-term slightly up
There could be a rise toward the previous high near the Fibonacci 50 and the neckline around Fibonacci 61
And then a fall from around that area
If you get a pullback, it could be around Fibonacci 76 or slightly below
If you see a pullback around there, you could enter by buying
Euro-Yen (EURJPY)】【
Whether it will retest lows again, or break the lows and accelerate selling
Or perhaps it will form a rebound
The trend is bearish, so targeting rallies for selling is reasonable
Counter-trend buying is also effective but trade with caution
【Pound-Dollar (GBP/USD)】
Long-term is down, short-term is up
There may be a pullback
And there is a possibility of breaking the downside with a continued pullback
Conversely, when a pullback occurs and buying comes in, consider going long
【Pound-Yen (GBPJPY)】
Long-term is down, short-term also down
Recent lows or a break of lows are possible
Pullbacks for selling are effective
However, buying could also be viable as price may break above Fibonacci 50 and the high Fibonacci 38
【Video】
The video is available here
【Afterword】
Our weekly market forecasts and strategies are usually accurate on YouTube
What matters is how to apply them to trading and entries
When the market strategy is correct or incorrect, the approach to trading and thinking changes
And please treat entries as a separate matter
