Yen to Pound the Euro? - Ichimoku EUR/JPY Short Trade Setup

2019年4月21日

Last week saw this pair finally hit some resistance before falling back down into the kumo. This is a sign that we are currently ranging between trends, and while we have some mixed signals we are looking more and more bearish. I am looking for a bearish breakout entry which will hopefully coincide with a bearish kumo twist for added confluence. I've drawn out a swing target I am aiming for as well as a few partial take profit levels I will aim for, should we get the drop we want. If we fail to drop lower or break back up near the top of the kumo, this setup may become invalidated.