Release： 10/20/2022 20:00

Update： 10/20/2022 20:00

Series

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

FX Today's trading strategy 10/21

〇EURUSD Euro Dollar

・Yesterday's Trade

Yesterday I entered when breaking the previous week's high of 0.981, but selling pressure pushed it down.

It also broke the pivot, so I stopped out. -10 pips loss.

・Market Environment and Today's Strategy

It could have risen, but there was strong selling pressure from 0.9850.

Will it move to test the downside for a while?

If it breaks below around 0.9750, it seems likely to test the downside, so I am considering a short.

It looks like it could target around 0.970.

If supported, I would consider going long.

・Yesterday's Trade

Yesterday was a nervous, choppy day, making it hard to trade.

No trades.

・Market Environment and Today's Strategy

It has broken above 150.0, continuing the uptrend.

Unclear how high it can rise.

If it shows a move to consolidate the downside, I would consider going long while managing risk.

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