FX Today's Trade Strategy 8/9
〇EURUSD Euro Dollar
・Yesterday's Trade
Yesterday I was waiting for a pullback to 1.0150, but it continued to rise, so no trade.
After that the movement lacked a clear direction.
・Market Environment and Today's Strategy
The movement continues to lack a clear direction.
A range market between 1.0150 and 1.0250.
Like yesterday, the only feasible strategy is to sell from the top and buy from the bottom.
Be careful not to push into trades too aggressively, as you may get hurt.
〇USDJPY Dollar/Yen
・Yesterday's Trade
A reverse-body short was made because a weekly high of 135.50 formed an H1-level W-top.
It turned around near 134.50, an area that could be a pullback candidate, so I exited. About +73 pips.
・Market Environment and Today's Strategy
As expected yesterday, 135.50 acted as resistance and could not be broken.
Whether the buying momentum pauses around this area remains to be seen.
Continuing to focus on 135.50 as a key level, with attention to price action here.
If it reverses around 135.0, there could be a potential for a short as a W-top with a downward slant.
As a neck-line candidate, around 134.50.