FX Today's Trading Strategy 11/25
〇EURUSD Euro Dollar
・Yesterday's Trade
Yesterday, since it was at a retracement level of the long-term downtrend, the trade was skipped.
As expected, it developed without a clear direction around 1.040.
・Market Conditions and Today’s Strategy
Today also looks like it may develop without a clear direction.
If the high yesterday at 1.0450 acts as a resistance, might there be a contrarian opportunity?
The level to watch is yesterday's high at 1.0450.
I want to target a contrarian at this level. If it breaks upward, cut losses and go long.
〇USDJPY Dollar/Yen
・Yesterday's Trade
Yesterday, since there was a retracement target for the long-term uptrend around 138.0–138.50 and I couldn’t execute a short at a favorable price, no trade.
・Market Conditions and Today’s Strategy
There seems to be buying pressure around 138.50.
We should avoid careless shorts.
As long as it does not fall below 138.0, I want to target a long position from a bottoming phase.
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