Red dotted line is for primary bias invalidation level.
If price manages to close above, below the start of the 'arrow' sign (lowest blue line), that is when we shall anticipate BTCUSD going upwards, forming 'technically' coherent setup. BTCUSD 'fundamental' analysis is never clearly understood. Following Elon Musk on twitter may lend some help though.
Price closing above the aeroplane symbol shall be to anticipate GBPJPY going above and beyond, that will allow the setup be 'technically' coherent . Stop loss limit should be discretionary to the trader. GBP is also 'fundamentally' bullish due to the latest record low interest rates announced by The Bank of England. JPY has been bearish ever since The Bank of...
