Risk Warning: Trading Forex is inherently risky. This is not a trade alert service and should not be taken as advice to enter or exit a trade. It is simply a narrative of what Straight Talk Traders are watching for, which may or may not happen. What is posted here may or may not develop into legitimate setups on Straight Talk Trading(TM)'s Complete Response Trading System(TM)'s specific entry and exit rules, which are only accessible by STT clients.
Based on Where's the Trade?: Longer Term CHFJPY
Neither the Recoil nor the Scale 1 setup occurred. The Double Shatterbreak happened and is in play, but the previous long setup retriggered one final time in the last chance zone and is headed up towards first target at 88.70. The second target is 91.25. This trade will not be counted since it was not officially called on the blog beforehand. Nonetheless it is also a valid setup entry.