FX Today's Trade Strategy 10/4

〇EURUSD Euro/Dollar

・Yesterday's Trades

Yesterday, as per the morning scenario, there was activity around 0.9850, forming a V-shaped top (W-top) and a short position was entered.

I was watching whether it would break below 0.9750, but it didn’t reach that level and formed a bottom, so I exited. +26 pips profit.

・Market Environment and Today's Strategy

Sellers came in from 0.9850, but buying pressure was strong and pushed it back up.

Today also seems likely that 0.9850 will be in focus.

Depending on price action at 0.9850, if it breaks without forming a range, be cautious with entries.

Also, if it moves down again, pay attention to price action around 0.9750.

〇USDJPY Dollar/Yen

・Yesterday's Trades

Yesterday, it crossed above the key resistance level of 145.0, but since it wasn’t possible to buy from there, there was no entry.

After that, many traders were thinking similarly, leading to a sharp decline.

・Market Environment and Today's Strategy

Although 145.0 hasn’t broken, the long-term Dow trend remains up.

Until the 144.0 level is breached, buying pressure remains present.

Yesterday's daily chart is a candle with small candlesticks (a narrow range).

Now, selling pressure is likely to become more active.

Currently, it’s difficult to take action in the resistance area.