FX Today's Trade Strategy 11/14

EURUSD Euro/Dollar

・Friday’s Trade

Friday's strategy is solely to buy on dips.

Since it didn’t drop to the anticipated dip, I went long after the price broke above the previous day's high, and exited at the timing of the H4 candle completion in the late night.

It became a large profit of +108 pips.

・Market Environment and Today’s Strategy

A strong uptrend is continuing.

Whether it will rise further or pull back to form a dip is the question.

I want to wait to see whether it consolidates or falls to the dip target.

For the dip target, I’d like to watch around 1.01 to 1.02.

Or I can also consider the H1 moving average as a candidate.

USDJPY Dollar/Yen

・Friday’s Trade

Friday, I was timing a pullback sell, and the H1 pattern at 142.0 looked good for a short.

・Market Environment and Today’s Strategy

Today looks likely to be a move to probe retracements.

Would retracement target be around 141.0?

Since there is room for price action until the retracement target, it seems possible to aim for long positions up to there.

If it looks like a short-term up Dow, I’d like to actively target it.

If it breaks below last week’s low of 138.50, then I’ll simply go short.