IF the resistance hold, i think it'll go down until the circle area. But i'll wait for a clear signal.
CHFJPY broke trendline, with a small pullback and good momentum, just before, it had a false break of the discendant 4 hr trendline. I entered short 112.150, my exit area is around 50% (110.500) OANDA:CHFJPY
the currency seems to have bearish momentum, Broken Tl and accelerate, i think it'll fail about on the last resistance not yet tested.
EURUSD is in a channel, gearing up for long, but in a short vision, i think it has to retest 1.09, target of the head and shoulders. After the big red candle, wait for a small pullback under EMA followed by red candle. or something similar. If it will show buyers' strenght, long on close above the head.
Interesting situation on EURJPY, stopped on TL resistance, with a fake out inside and an engulfment; the pair is in a rectangle first target EMA 200 confluence TL up, then the bottom of the rectangle at round 120. Volume up seems contracting. Altough last engulfment doesn't have a good volume.