FX Today's Trade Strategy 4/26
Trading the Previous Day
・USDJPY Dollar-Yen (15-minute chart)
Yesterday, the high was pushed higher, but after the 21:30 economic indicator release there was wild volatility. It was crowded with both selling and buying, so there was no opportunity to trade.
・EURUSD Euro-Dollar (15-minute chart)
Yesterday up to the 21:30 release, waiting for a pullback.
After the release it dropped to the previous day’s low, so I aimed for a rebound and went long. +26.3 pips
This rate (previous day’s low at 1.0678) is the level where a breakdown would trigger a Dow reversal, so a rebound is almost guaranteed.
There was also an H4MA functioning as support.
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