Hello traders, here we have a beautiful CHFJPY trade idea. This trade idea is currently in our zone of interest which has multiple confluences to give us this entry point. Firstly the price has approached our trendline which is in a structure zone, and finally we can see a reversal pattern in the smaller time frames and shooting star patterns in higher time frames. This is giving us a strong indication of a reversal.
This trade has a Take Profit of 250 pips with a small 20 pip risk. This gives this trade a RISK:REWARD of 1:12.44! Which is an insane risk reward and definitely not one to miss!
Safe entry will be once we can see a break in the structure which has been labelled and we will have a solid confirmation for reversal, however you can decide whether to enter in a risky position or wait until the reversal is confirmed.
Thanks for taking a look please like and comment your thoughts!