Cad Jpy Potential short term sniper entry long

6 Jan 2020

Now that we have some clear descending corrective nature price action on CJ, We are looking for a clean impulse break of the recent high and then i will be placing a sniper entry order.

As you can see we had this exact same style of set up recently out of the last corrective nature that played out for almost 5% to the 3rd touch on the trend line.

Over all the structure is still giving me a short bias, however due to the small stop sizes used in the sniper entry there is still potential for some nice % to be made in the short term move long.

Alert is set on the recent high so will how the 1hr closes above that if price continues to impulse and then look at placing my entry order.

6 Jan 2020

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