FX Today's Trade Strategy 1/31

Trading from the Previous Day

・USDJPY Dollar/Yen (15-minute chart)

Yesterday was of unclear movement. In such cases, stay out and observe.

・EURUSD Euro/Dollar (15-minute chart)

Yesterday, a long entry was made when testing the previous week’s low of 1.0812.

We expected to break above 1.0850, but it failed to rise, so exit. +17.5 pips

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Market Conditions and Today’s Strategy

・USDJPY Dollar/Yen (4-hour chart)

Yesterday rose briefly and formed a peak around 148.0.

If this level can act as the neck line of a H4 double bottom, we would look for a long entry after a shallow pullback.

Pay attention to price action around yesterday’s low near 147.0.

Also be mindful of month-end movements.

・EURUSD Euro/Dollar (4-hour chart)

Yesterday there was a rise, but the H4 MA around 1.0850 acted as resistance and capped the move.

Today I want to watch whether price can break above this resistance.

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Aiming for top-tier success with win rate and profit-focused line trading