FX Today's Trading Strategy 12/7

EURUSD Euro/Dollar

・Yesterday's Trade

Yesterday, I observed a bottoming action at the previous day's low.

Entered long, but it was weaker than expected and yielded a small profit. +24 pips

・Market Environment and Today’s Strategy

During late-night movements, the previous day's low was broken.

There is a potential head-and-shoulders forming at the H4 level.

Whether it tests 1.060 again or continues to fall remains the scenario.

On the daily chart, the trend is up, so long on pullbacks. Shorts should wait for a sufficient rally.

USDJPY Dollar/Yen

・Yesterday's Trade

Yesterday, as expected, it rose to around 137.50 and then stalled.

Since I believed it would be in the resistance zone and the neckline wasn't clear, there was no trade.

・Market Environment and Today’s Strategy

Throughout yesterday, it seems to have formed a ceiling around the 137.0 area.

Today, the main scenario is selling from this ceiling area.

As a secondary plan, look for longs if the ceiling area breaks down.