Long possibility within downward channel. TP aim intraday or 1-2 days swing around 2-2.6%. Negative in general towards traditional retail companies not managed to focus on the digital transformation. Of course with a few exceptions
Is this a possible wedge forming? If so it presents a possible swing setup with acceptable RR.
Long Entry. -Divergence pattern and RSI trigger crossing 30 -Bullish price action in 1H -Volume on green rejection candle 4H
Trend lines drawn in Weekly. Possible long trade with target att falling trendline "roof". Confirm daily close above EMA20. Entry on 4h or 1h on pullback with confirmation in i.e. RSI for timing. Conservative entry after news.
Watching the level of 1.07647. Need a strong daily close above. Timing entry on intraday timeframe i.e. H4 or H1 with continuation pattern or at re-test of break out level.
Nice Pin Bar or Doji about to form in Daily at something looking like a channel roof. Will look for possible SHORT entry in smaller time frame. TP around this week lows.
How should you interpret the USD/JPY 1H? Could be a Descending Triangle with edge on continuation and break of the horizontal line. Or Double Bottom with decreasing momentum in RSI bottoms. I am short since 113.284. Time to get out?
Looking for possible long trade. Entry on re-test of resistance or close to resistance with "confirmed" reversal pattern or clear rejection on intra day time frame.
If not already in trade. Possible entry if H1 close below slightly below or at re-test of earlier floor. Please comment if this is totally wrong way to interpret the pattern and price action.