FX Today's Trade Strategy 10/5
〇EURUSD Euro Dollar
・Yesterday's Trade
Yesterday, after the H4 candle confirmed a breakout of the notable level at 0.9850, I waited for a pullback to ensure it wouldn’t fall further, then went long.
Afterward, since it broke through the resistance, I held overnight until morning. Profit of +106 pips.
・Market Environment and Today’s Strategy
Currently at parity around 1.0.
A level that could become a major resistance.
Today’s focus is on how much resistance 1.0 will present.
Keep in mind there may be a period of consolidation.
〇USDJPY Dollar/Yen
・Yesterday's Trade
Yesterday, by the evening, I confirmed resistance at last week's high of 144.90.
Since 144.50 also broke, I switched to a short scenario and entered.
For now, exited at a potential support level around 144.0. +43 pips
・Market Environment and Today’s Strategy
Yesterday, a downward wave occurred during NY time, and the question is how far it will continue.
If it breaks below yesterday’s low of 144.0, I would consider a long-term trend reversal.
Today I want to watch around the 144.0 level.
If it breaks below this, I would consider a full short position.
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