Will be looking for a bounce off the resistance and trend line. If we break through, it is a good indication of a trend reversal.
Looking for break of trend line to the downside.
Looking to go short based on the upper trend line to the downside. RSI is oversold. Entered Postion Target 0.945 SL 0.96328
Descending Triangle forming. If we get a bounce off the upper trend line we could see a large move down.
On the 240min I see a symmetrical triangle/ with a breakout to the downside. Bounced off the 150 EMA and overall I believe the US is still the much stronger currency. Note: Rookie Trader. Trying out ideas. Not giving trading advice or suggestions on what to trade.
A few options depending on what the USD JPY does this week. Will be watching close to get back in this for a Long position.