PriceActionNation

CHFJPY. Higher From Here? Or Another Move Down Before It Goes?

Long
FX:CHFJPY   Swiss Franc / Japanese Yen
CHFJPY has been moving correctively for some time.
For now ignoring any short plays.
Wanting to catch the next wave up.
Here are two options.
1- Wait for price to aggressively break out from where it is currently and
wait for smaller TF correction before entering.
2- Hold out for another move down and get in after price breaks the lows.
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