Went short on the this pair after the RSI and Stock indicated it was overbought. I went on the 15minute chart for a day trade. Went well! Target almost hit but decided to take profits at 0.74450, about 3 pips away. Felt some resistance. sometimes better to not be greedy. I am happy with how it turned out.
Here USDJPY is testing the upper channel after it found support at 100.400 region. If it breaks this with volume will change the trend and will go up. if not it will be pushed back down to 100.4 level.
I believe this has been consolidating for a while and now has broken above the triangle. It has pulled back and I have entered a long position. The chart is in a general uptrend and it should continue up after this point. My stop is just below the triangle in case it does break down. Happy trading!
I am short USDWTI based on the falling pitchfork and falling wedge. Also the fib levels on the Daily chart. If it breaks the .27 fib line I believe it is going back to the .382 fib level which is why I am going for short to just above that.