FX Today's Trading Strategy 9/14

〇EURUSD Euro-Dollar

・Yesterday's Trade

Yesterday, a long aiming for the second top was sharply dropped by the night's data release, triggering a stop-loss. About -27 pips.

・Market Environment and Today's Strategy

From a 4-hour view, there was a retracement/sell-off starting from 1.0150.

It has found support at the pullback low around 0.9950.

I want to watch whether it can be supported at 0.9950.

After the large decline yesterday, if it can be supported, consider going long.

If it retraces to about 1.0050, consider selling into the retracement of yesterday's downwave.

〇USDJPY Dollar/Yen

・Yesterday's Trade

Yesterday, movements after the data release were fast and unable to go long.

Subsequent pullbacks also were sidelined as the key levels loomed.

・Market Environment and Today's Strategy

Yesterday, it bought from 141.50, and a large head-and-shoulders (W top) is forming near last week's high of 145.0.

Whether this W top completes will be a focal point.

Today, focus on price action at 145.0.

A full downturn may still take a little time, so I want to wait for the formation of a top range.