**(CHF/JPY Trade Setup)**
4 spinning tops on the daily for CJ, combined with the current 3rd drive into the zone highlighted in blue, gives us a good idea as to where the price will go from here. Institutions love these setups, so we look to follow their lead and ride with them. A-lot of the material for why I am looking to take CJ short is reflected in the other post for UJ.
The ideal entry would be to short CJ at the top of the right shoulder, at approx. 111.7.
Entry: 111.7 (Sell-Limit)
SL: 112.04 (-32 pips)
Target: 111 (+78 pips)
4 spinning tops on the daily for CJ, combined with the current 3rd drive into the zone highlighted in blue, gives us a good idea as to where the price will go from here. Institutions love these setups, so we look to follow their lead and ride with them. A-lot of the material for why I am looking to take CJ short is reflected in the other post for UJ.
The ideal entry would be to short CJ at the top of the right shoulder, at approx. 111.7.
Entry: 111.7 (Sell-Limit)
SL: 112.04 (-32 pips)
Target: 111 (+78 pips)