EUR

Daily lower high

4H down, change at 1.17

1H down

Scenarios:

• No buying until 4H makes higher high and higher low
• Support at 1.16, need to wait for a rally before another selling opportunity

USDJPY

Daily up

4H up

Scenario:

• In long position, move stop up accordingly
• If 1H makes lower high and lower low, may convert to short trade as daily may turn into downtrend