FX Today's Trading Strategy 10/6
〇EURUSD Euro / U.S. Dollar
・Yesterday's Trade
Yesterday, the move hovered around the 1.0 level as expected.
I shorted after breaking the neck line of the W top, held until around 0.9850 which seemed like support, and earned +92 pips.
・Market Environment and Today's Strategy
Yesterday's movement was a pullback until it matched the ascent from Tuesday's rally.
Today appears to be a setup for a rise from 0.9850.
If there is a move that shows a breakout on the short-term chart, I will consider going long.
If the 0.9850 support breaks, I would contemplate a short down to 0.980.
〇USDJPY Dollar/Yen
・Yesterday's Trade
Yesterday, I watched the level 144.0 closely; it briefly dipped below but turned into a fake and rose.
Because the daily moving average could provide strong support, I did not enter a short position.
・Market Environment and Today's Strategy
Even a rally from the daily support could not break above 145.0.
It is spending time forming a topping area.
The daily moving average that served as support yesterday seems to be a point of focus now.
Today, this rate or 143.50–144.0 will initially be treated as key levels.
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