FX Today's Trade Strategy 12/9
EURUSD Euro Dollar
・Yesterday's Trade
Yesterday, as expected in the morning, I went long at 1.050 where it found support.
Trade as per theory. +42 pips
・Market Environment and Today's Strategy
The bias is up, but the current rate is approaching the late-June rebound high.
A region where selling pressure is strengthening.
Near the neck line of the 1.060 top formed on Monday this week, it seems risky to buy aggressively.
Long entries would be after breaking 1.060 or after a sufficient pullback.
USDJPY Dollar/Yen
・Yesterday's Trade
Yesterday, a double top formed around 137.0 from the evening, but since the H1 level wave lows were rising, I did not short.
Result: no trade.
・Market Environment and Today's Strategy
It’s hard for it to go down unless it breaks below 136.0.
Like yesterday, view it as a range from 136.0 to 137.50.
If it breaks below 136.0, I’d want to wait for a test and then short.
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