Release： 10/18/2022 20:08

Update： 10/18/2022 20:08

Series

We deliver daily day trading strategies for Euro Dollar (EURUSD) and Dollar Yen (USDJPY).

FX Today's Trading Strategy 10/19

EURUSD Euro-Dollar

・Yesterday's Trade

Yesterday traded with no clear direction as it hovered around the previous day's high of 0.9850.

No setup, so no trade.

・Market Environment and Today’s Strategy

Today too, 0.9850 is likely to act as a pivot.

This level has both buy and sell pressure, so I want to avoid being swayed by short-term moves.

If a range forms, enter on a breakout.

If it pulls back and finds support near the 0.980 level, consider a long position.

・Yesterday's Trade

Yesterday swung around near 149.0.

Was the sudden drop a sign of intervention?

・Market Environment and Today’s Strategy

The effect of intervening seems limited.

The基本 strategy is to buy, but since it has reached the upper bound of the daily chart channel, proceed cautiously.

Popular articles in the series

Trading from the Previous Day・USDJPY Dollar-Yen (15-minute chart)Last Friday, since the support at 1

Trading from the Previous Day・USDJPY Dollar/Yen (15-minute chart)Yesterday I went short as soon as t

Yesterday's Trades・USDJPY Dollar/Yen (15-minute chart)Yesterday, there was a sharp rise in the morni

Yesterday's Trades・USDJPY Dollar-Yen (15-minute chart)Last Friday moved in the lower price range. No

Trade from the Previous Day・USDJPY Dollar/Yen (15-minute chart)Yesterday, there was little price mov