FX Today's Trade Strategy 9/30
〇EURUSD Euro/US Dollar
・Yesterday's Trade
Yesterday, as per the morning scenario, it pressed at 0.9650 but I couldn't time the entry.
So I entered on a break of the previous day's high, held until morning, and earned +70 pips.
・Market Environment and Today's Strategy
Yesterday, there was a three-wave rise from 0.9550.
The current rate of 0.9830 nearly reached last Friday's pullback high of 0.9850.
0.9850 is a level that may attract attention, where profit-taking from Wednesday and Thursday could occur.
Also, 0.990, which is 50 pips higher, corresponds to last month’s low and could present strong resistance.
Today, unless these levels are breached, I expect the market to form a ceiling zone.
If it retreats, I will consider buying on dips.
As a target for the dip, around Thursday’s high at 0.9750 perhaps?
〇USDJPY USD/JPY
・Yesterday's Trade
Yesterday, I shorted after a top formed by a decline from the previous day’s high.
Held until morning for a profit of +18 pips.
・Market Environment and Today’s Strategy
Although selling pressure from 145.0 seems strong, buying power still appears to be alive.
The unique movement of the USD/JPY continues.
The scenario remains the same as yesterday: the basic strategy is to short from the 145.0 ceiling.
However, I want to account for the possibility that a substantial decline may still be some time off.
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