The British Samurai - GBP/JPY - Ichimoku Selling Idea

22 thg 7, 2018

We had some big pushes down last week leading to a nice kumo breakout. For this run we've been respecting tenken sen really well. There's two ways this sell could form. The first is to look for a break of the support line I drew. If we head right down and keep respecting tenken sen, it would be an ideal time to sell and I've drawn out Take Profit levels and well as a possible long term swing target. If we fail to hold tenken sen, we may rise to kijun sen. If that happens I'll look for a rejection at kijun sen to sell. If we rise and break kijun sen then this setup will become invalidated. Either way I'll be looking for a sell first and foremost until proven otherwise.