CHF/JPY : SHORT
Why are we entering?
- Expecting CHF weakness and JPY strength = CHFJPY short
- expecting an ascending correction
What are we waiting for to happen?
- CHF index to double top and drop
- break of WFB
- Break of 1H EMA which is keeping price up
Entry
SAFE Entry: Rejection of ascending correction and then WFB
Risk Entry 1: Break of WFB without rejection of ascending correction
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- First TP: 122.2 (400pips)
- Second TP: 120 (600pips)
- Third TP: Leave open
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.