GBPJPY : Anticipating two moves

The projected monthly range low had been exceeded. My belief in the market is that price should "normalize" and goes back inside the range (Banks profit taking). The monthly range has been hit and exceeded and also the weekly range was hit (set default bias = retracement/reversal bias). Currently, I am setting a bullish bias for this pair and it will remain true until bearish confirmation pattern triggers. Due to this, I am anticipating two scenarios

Scenario A : Price I would to execute my current Bullish bias @ 140.750-140.800 (the lower the better, cheaper price). A Double bottom, engulfing candle, piercing candle etc will be the entry signal. Target is as illustrated on the chart

Scenario B : A failure at 141.00-141.100 confirmed by a double top/engulfing candle, piercing candle at M15 (always look at H4 as well). Target illustrated on the chart.

*Trade Setup should satisfy a minimum 2:1 Reward Risk Ratio.

*Risk 1.5% Per Trade, 4.5% Maximum for the entire day (multiple trades at a time)

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