Release： 05/17/2023 18:22

Update： 05/17/2023 18:22

Series

We deliver daily day trading strategies for Euro Dollar (EURUSD) and Dollar Yen (USDJPY).

FX Today's Trade Strategy 5/18

Yesterday's Trading

・USDJPY Dollar/Yen (15-minute chart)

Yesterday price briefly broke the previous day's high, but I anticipated resistance around this area and did not trade. It subsequently rose firmly.

・EURUSD Euro/Dollar (15-minute chart)

Since it broke the important level of 1.0850, I initially aimed for higher prices, then shorted after confirming it was not a fake break.

However, as the scenario suggested, I was concerned about support, so I exited after a little consolidation. It only yielded a small profit. +6 pips

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