I am waiting for a weak pullback to sell USDJPY sometime this week. I am not going to sell when price come back to my entry area, I will asses the risk and the power of buyers and time my entry for sell.
I would like to this counter trend and have placed a pending sell order to short GBPSGD. If the I get filled in with a spike up and then down that would be good. If I see a strong push and the price holds within my entry area, I will then try to get out for a breakeven or a small loss before reassessing for another entry for short.
Looking for an opportunity to buy EURUSD once price comes lower again.
Looking for an opportunity to long USDCHF when price go lower.
Will assess the price level again when it 0.882 for a sell to the down side.
The dash line is critical if it breaks below then will keep position otherwise will move the stop loss to break even quickly to minimise loss.