Yen to Reign? - USD/JPY Ichimoku Short Trade Setup
This pair broke down and out of the kumo last week before having a drawback up to kijun sen.
I am looking for a simple rejection here at kijun sen and a bearish kumo breakout to confirm a sell.
If we get it I'll be aiming for price structure lows, including the most recent move down.
You can see the price structure to the left that is giving me an overall target to aim for.
As always I'll take partial profit along the way at some of the levels I've drawn out and also be looking to add positions if things continue to work in our favor.
If we fail to get a bearish kumo breakout or maintain our bearish confirmations, this setup may become invalidated.
I am looking for a simple rejection here at kijun sen and a bearish kumo breakout to confirm a sell.
If we get it I'll be aiming for price structure lows, including the most recent move down.
You can see the price structure to the left that is giving me an overall target to aim for.
As always I'll take partial profit along the way at some of the levels I've drawn out and also be looking to add positions if things continue to work in our favor.
If we fail to get a bearish kumo breakout or maintain our bearish confirmations, this setup may become invalidated.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.