Anyway, CJ has entered the zone where price last visited at the end of May, and this opportunity is the last one i'm going to take with this pair for this week. I'm looking to short with a SL of about 10-20 pips depending on my entry (will probably have a couple positions on).
Trendline drawn from the daily/4H and we'll probably see CJ drop once that trend is broken. Until then, we may see price bounce up from it for a bit but my bias is long-term .
I'll be targeting up to 150 pips, updates to follow.