The808Trader

EUR/USD - Ichimoku Short Setup

Kort
FX:EURUSD   Euro / USA-dollar
We got a good breakout with this pair last week and I'm looking to hop into a bearish trend continuation. I am looking for a drawback to where I believe tenken sen will be. I will not be setting this one as a pending order, instead I'll be watching for a move back up and a good rejection candle at tenken sen to help confirm it's time for a sell. I'm targeting a previous structure low if we do enter as I drew it with the blue horizontal line. If we fail to rise to a good rejection area, we could also look for a breakout below these recent low candles. If we fail to do either of these scenarios, this setup will become invalidated.

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