CADJPY just hd a massive rally to the upside and soon will be CORRECTING which is why we are looking to enter SHORT at the peak around the PMthH (Previous Month High)
#1 ENTRY (Risk Entry, Good Reward) -: Enter SHORT when price reaches PMthL
#2 Entry (Confirmed Entry, Minimal Reward) -: Enter SHORT when CJ breaks BELWO the BL after touching PMthH.
INVALIDATION
On #1 Entry, Set a 50pips SL from PMthH tap. On #2 Entry, when price rejects back ABOVE BL , the SUITE INDICATORS will print a SL zone on the chart for you, use it. (OR 50pips)
TARGETS If the SHORT trigger comes, we are looking to exit at the first EMA Cloud touch on D1.
P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
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