Description
⋅ CHFJPY
Why are we entering?
- Expecting JPY strength and CHF weakness
- Expecting a touch of our structure level
What are we waiting for to happen?
- Rejection from trendline
- Rejection from structure level
Entry 125.2
SAFE Entry: Rejection of trendline & structure
Risk Entry 1: Trendline Touch
Risk Entry 2: Reversal Pattern
Once entered, where will our Stoploss be?
- Above the rejected price (above 125.5 ) 30 pips
Where do we take profits?
- Take Profit : 124.1 (110pips)
- Risk:Rewards Ratio - 1:3.67