dannykorytkowski

dannykorytkowski

CHFJPY creates a double bottom on our H4 timeframe. Strong instutional zone of support. Market is bullish on higher timeframes. I like this setup seeing as price respected the trend line drawn, i like the tight stoploss we can place as well . My personal opinion, this currency pair will reach upwards of 117.500 and then very possibly beyond there. Let's watch this...

dannykorytkowski

EURGBP has reached the orange zone. If it respects the zone and doesn't break, we could see movement to the upside. Market would ultimately create a head and shoulder pattern. Overall, this pair bearish so this trade will be monitored accordingly with minimal risk. After this potential move, we should see price continue down ultimately to the .86500 area.