CADJPY VIP LONG

CADJPY LONG
Why are we entering?
- Expecting CAD strength and JPY weakness
- Price is approaching a key structure level

What are we waiting for to happen?
- Rejection of the structure level and a break of RISK trendline

What is our confirmation?
- Break of WFB Trendline / RISK Trendline
- Rejection of key structure zone

Entry 90.05
Safe Entry: Rejection of structure & a break of RISK trendline
Risk Entry 1: Rejection of structure
Risk Entry 2: Early break of RISK trendline

Once entered, where will our Stoploss be?
- below the structure level 89.75 (30 pips)

Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - First structure level : 91.4 (135 pips)
- Final TP - Channel support : 92 (195pips)

Our short idea is attached below