We absolutely smashed this pair last week and I'm looking for some bearish momentum to continue for us to take advantage of another sell opportunity.
We dropped hard last week before ending the week by testing kijun sen and the kumo resistance we're sitting at right now.
We have been holding kijun and the kumo so I'm going to look for a sell at a break below our current candle for a chance to short.
I've drawn out partial take profit levels on my way to the wick price structure low we formed a couple weeks ago.
If we fail to hold bearish resistance, or if our bearish confirmations change, this setup may become invalidated.
We dropped hard last week before ending the week by testing kijun sen and the kumo resistance we're sitting at right now.
We have been holding kijun and the kumo so I'm going to look for a sell at a break below our current candle for a chance to short.
I've drawn out partial take profit levels on my way to the wick price structure low we formed a couple weeks ago.
If we fail to hold bearish resistance, or if our bearish confirmations change, this setup may become invalidated.