Where's the Trade? Results Longer Term CHFJPY 5.00 am London 6/4/12

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

There has been an entry on the 4H CHFJPY, a little higher than the projected Shatterpoint(TM) level, but within the Shatterzone. Although it is a little early and there is still evidence of downside momentum, it is a valid STT Shatterbounce(TM) and so the entry has to be counted in fairness with the first target at 90.04.