FX Today's Trading Strategy 11/1

〇EURUSD Euro-Dollar

・Yesterday's Trade

Yesterday, the daily low was broken and confirmed on the H4 chart.

After testing the upside and declining again, a short entry was taken. +45 pips

・Market Environment and Today's Strategy

The current rate is near the upper bound of the daily chart channel.

If it appears to bounce around here, the uptrend will become clear.

Today, I want to focus on price action near 0.9873 of the previous day's low.

If it finds support, consider going long.

If it breaks below, 0.9850 could become a strong support, so be cautious about shorts.

〇USDJPY Dollar/Yen

・Yesterday's Trade

In the morning yesterday, the H4 chart broke above the previous day's high.

There was a pullback to enter long, and held until night. +68 pips

・Market Environment and Today's Strategy

The current rate 148.8 is near the neck line of the top formed last week.

A rate that could act as resistance.

If it forms a double top (W-top) at yesterday's high, compared to last week's high, it would be a significant downward-sloping W-top and a strong short signal.

Today, I want to focus on price action around 148.8.