Battle of the Safe Havens - CHF/JPY Ichimoku Short trade
This pair saw a pretty large sell off last week and I am looking for that trend to continue.
We just had a decent bearish engulfing candle and I am looking for a close below the recent candlestick lows to get short.
I've drawn out a longer term target at major price structure support as my overall aim, but we not make it all the way there.
I've also drawn out some partial take profit levels to aim for along the way.
If we fail to close and hold below our entry line, or if our bearish confirmations change, this setup may become invalidated.
We just had a decent bearish engulfing candle and I am looking for a close below the recent candlestick lows to get short.
I've drawn out a longer term target at major price structure support as my overall aim, but we not make it all the way there.
I've also drawn out some partial take profit levels to aim for along the way.
If we fail to close and hold below our entry line, or if our bearish confirmations change, this setup may become invalidated.