CHFJPY Why are we entering? - Expecting JPY strength and CHF weakness - Expecting price to reject our trendline & structure level
What are we waiting for to happen? - Rejection from trendline & structure level - Break of Possible RISK trendline & DAILY EMA
Entry SAFE Entry: Rejection of trendline & structure level & break of possible RISK trendline Risk Entry 1: Rejection of trendline & structure level Risk Entry 2: Early break of possible RISK trendline
Once entered, where will our Stoploss be? - Above the trendline (above 133.75 ) 30 pips
Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - First TP: 130.85 (260pips) - Second TP: 126.85 (660pips)