Trend: Short term bullish
Structure: Horizontal resistance
Plan: We see a short term bullish trend on CHF JPY. Price has pulled back to a level of support. We expected a bounce to the upside with TP at previous high.
RSI/Stochastic confirmation needed before entry.
Trend: Short term bearish trend
Structure: Horizontal support and upper trend line.
We look for GBPUSD to make a move either to the upside and confirm a breakout before taking a long. Alternatively if GBPUSD respects upper trend we look for it to breakout of lower resistance and take a move to the downside.
Looking for confirmation on the short side of this pair. Setting up for the week on the 4 hour chart, showing signs of a short on the stoch and RSI. Awaiting confirmation before entering. Open to further private message discussions.