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20pips

My attempt at analyzing Trends I am still learning the terms but I think I understand the patterns, this looks like the market is currently stagnant in the middle of consolidation. Before this it was in a downtrend and I do not think it is going to keep going down. I am trying to capture 20 pips only and looking for the best entry, where to place stop loss and where to place take profit. I believe I would be buying, I think the market will turn bullish. Am i way off or does that make any sense? I have circled points of resistance and support, drawn out the few uptrend lines I could see, and all of the downtrend lines. I used parallel channels to shoe support and resistance zones. Price Ceiling and floor are also marked on here. Thanks
by allreadyallright
3
GBPUSD SCALP 20 PIPSgiving respect to the 1hr trend line as it just hit support , price will be going up for quite a while unto the trend resistance. Will enter trade as it break through the first 15M resistance, assuring for more upward movement until the 4h resistance which will result possibly in a small consolidation up until second 15m resistance . Waiting for candlesticks and price action to determine confidence on the order. trade only according to your system sl 10 pips tp 20 pips buy stop - pink line
Long
by tristntec
GBPJPY SCALP 20 PIPStrade gives respect to the small hourly trend, short bias. it seems to have rejected the hourly resistance and pushing down to 15m support. breaking the support continues the trend downward for a potential of 20 pips and possible more. but must take note of the possible bullish trend continuation, however not viable to enter as momentum is diminishing. will enter trade as long as candles confirm, trade according to your system only sl 10 pips tp 20 pips sell stop - purple line 132.620
Short
by tristntec