Sour Kiwi? - Ichimoku NZD/USD Short Trade Setup

2019年4月21日

The Kiwi has been in a nice bearish trend here and it looks to be holding. I am looking to hop in the bearish trend here for a continuation setup. There are two ways to enter this one but I've drawn the one that is waiting a little longer for confirmed moved down, which is where I've drawn out my trigger for entry. As an alternative we can watch for a drawback up to kijun sen and enter off if we see a rejection. This setup also comes after last week's bullish attempt was invalidated and failed. I've marked a longer term swing target as well as some partial profit levels to aim for a long the way if we get the breakdown we want. If we fail to break lower or end up breaking through to the upside, this setup may become invalidated.