FX Today's Trade Strategy 12/13

EURUSD Euro Dollar

・Yesterday's Trade

Yesterday, it stopped its decline near Friday's low but did not form a clear double bottom and rose.

No trade because I couldn't time it.

・Market Environment and Today's Strategy

Yesterday's movement was range-bound as per the morning scenario.

Also, Friday's daily candlestick is a harami.

Until we break the high and low of Friday's candle, it seems like a wait-and-see situation.

Possible lack of directional clarity until this evening's CPI release?

USDJPY Dollar/Yen

・Yesterday's Trade

In the morning, it updated Friday's high.

Entered long at a pullback during European hours. Exited on the H4 candle close. +81 pips

It unfolded as per the morning scenario.

・Market Environment and Today's Strategy

Yesterday's upward wave reached the 138.0 level.

Would like to see if a double top forms at the H4 level.

If a double top forms at last week's high around 138.0, consider counter-trend short trades.

Be mindful of tonight's economic data release.