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)
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)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
VIP Telegram: t.me/MMFX_VIPbot
FREE Telegram: t.me/MMFX_FREE
Instagram: instagram.com/mmfx__j/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.