Bear Pennant formation. bull-moon-trading-co.herokuapp.com Its simple. if it breaks red line (resistance) ill be going long. If it breaks green line(support) ill short. Overall trend is Short, so if you go long, be careful.
Should double top here. Stop loss at ATR. First target at 1.2860 (take half off the table, and move stop to break even)
Short USDJPY. Triple top. Easy Money. Low Risk, High Reward. Put your stop right above that triple top high. Which was also support a couple days ago. Also take a look at DXY - dollar hit downward trend line.
I expect this to bounce off my trend line which is supported right at the 200 SMA and the 50 SMA is catching up to help support this uptrend.
Some exciting things to be happening here Monday. Watching the green lines for rejection, bounce, or a breakout. When it crosses thru one of these green trend lines and confirms you can expect it to head towards one of the black lines.