FX Today's Trade Strategy 12/2
EURUSD Euro/Dollar
・Yesterday's Trade
Yesterday I went long when price broke above last week's high of 1.0450.
Held until morning and exited as it formed the previous day's high. +55 pips
・Market Environment and today's Strategy
Yesterday, the high of 1.0450 was broken, breaking the resistance zone.
The next milestone is set at 1.060.
Until the next milestone, I will approach with a dip-buying strategy.
As a target for the pullback, would the recent high at 1.050 or last week's high at 1.0450 be appropriate?
USDJPY Dollar/Yen
・Yesterday's Trade
Yesterday price fell below 137.50 early, so I shorted after confirming it wasn't a fake-out.
This move is a continuing wave, so held until morning. +202 pips
・Market Environment and today's Strategy
Yesterday formed a large downward three-wave move on the daily chart.
For a while, the basic strategy will be selling on rallies.
Target for the pullback seems to be around 136.0.
Be cautious of tonight's employment report release.
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