The setup: 1) downtrend on the daily. 2) a pullback against this trend has occurred the past week and a half. 3) A reversal candle printed at resistance. 4) as a bonus, but not really necessary for the setup, stochastics are in overbought level and started curling downward. The trade: Short with a stop at 104.20 (just above yesterday's high). R = ~125 pips.
CAD/JPY has been forming a support trendline since January and now it is bouncing off of it again. There was a bullish engulfing candle right at support yesterday and a follow through day today. Stochastics curling back from oversold levels has consistently led to short term rallies in 2016. Buy with a stop below the support line.
EUR/GBP has been in a strong uptrend since November without giving a decent pullback for re-rentry until recently. A bullish candle on friday suggests the uptrend could resume next week. Stochastics are also starting to curl upward from oversold levels. Buying with a stop below the recent swing low provides a good R/R opportunity.