Release： 11/27/2022 18:58

Update： 11/27/2022 18:58

Series

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

FX Today's Trade Strategy 11/28

EURUSD Euro/Dollar

・Friday's Trade

On Friday it initially fell, but rebounded at the H4 MA.

This movement was anticipated, so there was no trade.

・Market Environment and Today's Strategy

Around 1.0450, forming an H4-level head-and-shoulders top.

When this top is formed, I want to aim higher.

For now, if we break the support H4 MA, I would like to prepare for a short.

But watch out for Friday's low at 1.0350.

・Friday's Trade

On Friday, went long when a W-bottom formed at 138.50.

It unfolded as the morning scenario had forecast. +66 pips

・Market Environment and Today's Strategy

A bottoming is becoming clear around 138.0.

However, it currently seems trapped between the resistance H4 MA and the support H1 MA, making moves seem difficult.

It appears to be a wait-and-see situation until it breaks either the support or resistance.

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