CHFJPY Long Trade Setup

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Hello traders.

CHFJPY down move is completed in my opinion and we got reversal impulse, which broke the blue trendline. Now, it looks like a correction is in the making. Putting an entry order above previous top with stoploss below last bottom is my trade idea. If it makes a bigger correction something like I draw, I will take breakout trade. My target is 123.

snapshot
Note
I think its correction is completed. Now, I'm waiting for breakout, then I will take a long trade. When I take it, I will remove my entry order. snapshot
Transaction en cours
Entry order was triggered.
Note
I'm waiting for break out and correction in order to take another long trade. snapshot
Trade fermée: ordre d’arrêt atteint
Although it stopped me out, I'm still looking for long trades. Because the daily corrective structure is still there.
CHFJPYElliott WaveWave Analysis

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