HERE WE HAVE A NICE SETUP ON CHFJPY. IF YOU LOOK AT THE CHART FROM A LONG TERM PERSPECTIVE (MONTHLY) WE HAVE GOOD PRICE ACTION THAT SUGGESTS PRICE IS GOING TO GO DOWN. ON THE 4HR CHART PRICE IS SITTING IN A KEY SUPPLY/DEMAND AREA AND THE CURRENT 1HR CANDLE IS FORMING AN INVERTED HAMMER WHICH WILL CONFIRM ENTRY. CAN GET IN ON A GREAT RISK REWARD SETUP HERE AND I THINK ITS A MODEST TARGET (FOLLOWING LONG TERM PLAN) SHOULD BE A GOOD ONE.
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