FX Today's Trading Strategy 12/8

〇EURUSD Euro-Dollar

・Yesterday's Trade

Yesterday formed a fake breakout at the previous day’s low and reversed.

Entered long as the short-term uptrend began, and exited at the point where it paused at the previous day’s high. +36 pips

・Market environment and today’s strategy

The head-and-shoulders-like shape, which seemed to form a peak, is being supported at 1.0450.

The long-term view remains bullish.

We will watch whether the high from last month at 1.050 provides support.

If this level forms a bottom, I’d consider going long.

〇USDJPY US Dollar vs Japanese Yen

・Yesterday's Trade

Yesterday, since the high of 137.50 from the previous day was broken on the H4 chart, there was no short and no trade.

・Market environment and today’s strategy

Yesterday formed a distorted W-top.

The neckline is virtually certain to be at 136.0.

I want to view the range with 136.0 on the bottom and 137.50 on the top.

Note that an H4 moving average near here could act as a potential support.