FX Today's Trading Strategy 8/21
Trading from the Previous Day
・USDJPY Dollar/Yen (15-minute chart)
Yesterday, as per the morning strategy, after rising from 146.0, I was aiming for a retracement sell around 147.0 to target the previous day's big downward wave.
While waiting for the formation of a topping zone (a W-top or triple top), the right shoulder of the W-top rose, creating an irregular shape, and it fell without giving an entry signal, so no trade.
・EURUSD Euro/Dollar (15-minute chart)
Yesterday, it broke the previous day's high, but since I was wary of the strong resistance at 1.110, I did not enter a long trade.
It surpassed 1.110 intraday and rose.
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