FX Today's Trading Strategy 8/19

〇EURUSD Euro Dollar

・Yesterday's Trade

Yesterday, it broke below 1.0150 during New York time.

However, there was strong support near the Tuesday low around 1.0122, so going short was avoided.

・Market Environment and Today's Strategy

From yesterday's decline, the 1.010 support is slightly breached.

Whether this pullback becomes a false move or not remains to be seen.

Today, the rate around 1.010 is expected to be watched.

If it forms resistance and a W-top, consider shorting.

If it breaks higher, go long up to the retracement of yesterday's decline wave.

〇USDJPY Dollar/Yen

・Yesterday's Trade

Yesterday, a W-top formed near 135.0, so I shorted on a contrarian basis.

I was watching whether the neckline candidate at 134.70 would break, but there was a strong rebound, so I exited.

About +16 pips.

I couldn't time a long entry afterward.

・Market Environment and Today's Strategy

A strong uptrend continues.

The next level to watch is around 136.0.

Pay attention to price action at 136.0.

The basic idea is to buy on dips. A dip candidate is 135.50.

If it consolidates at 136.0 and breaks higher, I want to stay with the breakout.