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The808Trader
Nov 11, 2019 12:52 AM

Aussie Bearish Move - AUD/USD Ichimoku Short Trade Short

Australian Dollar/U.S. DollarFXCM

Description

This pair struggled to break the kumo before finally getting the push out towards the end of last week.

I am looking for a retest of the edge of the kumo and price structure to form a good rejection candle to enter my sell.

I've drawn out a couple targets but you can see the major price structure level I'm aiming for that lines up with the flat bottom of a previous kumo.

If we fail to get the drawback to our entry level or if our bearish confirmations change, then this setup may become invalidated.
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