Short on close below 20sma for confirmation. TP on touch of 200ema. Also forms break down below ascending trendline.
Could go lower as part of head and shoulders pattern should neckline be taken out. This is not shown hear but clearly see on larger timeframes (H4 and Daily).
Note: Bottom blue lines show trendline. Top blue line show bearish price divergence with...
USDJPY 30 minute bearish divergence signals bearish move down. Exit TP around 109.30 or near ascending trendline. Possibly wait for confirmation on close below 10ema (not shown here).
I'm currently short USDCHF based on multiple bearish divergences with RSI. A break below the ascending trendline will bring further confirmation to bearish direction. Short term take profit at recent support.
USDCHF 15 minute is set up for triangle breakout up or down. Wait for close beyond triangle and last bar high (long) or low (short). Support and Short TP is July 26th high. Resistance and Long TP is July 27th high. Ideally also wait for breakout of bollinger band.
EURUSD 30 minute chart is setting up for wedge breakout. On close below lower trendline and beyond low of last trendline touch go short with TP at major support around 1.05.
