CHFJPY VIP SHORT

CHFJPY
Why are we entering?
- Expecting JPY strength and CHF weakness
- Expecting price to reject our trendline & structure level

What are we waiting for to happen?
- Rejection from trendline & structure level
- Break of Possible RISK trendline & DAILY EMA

Entry
SAFE Entry: Rejection of trendline & structure level & break of possible RISK trendline
Risk Entry 1: Rejection of trendline & structure level
Risk Entry 2: Early break of possible RISK trendline

Once entered, where will our Stoploss be?
- Above the trendline (above 133.75 ) 30 pips

Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP: 130.85 (260pips)
- Second TP: 126.85 (660pips)