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The808Trader
Sep 22, 2019 7:19 PM

Aussie Weakness? - Ichimoku AUD/USD Sell Trade Short

Australian Dollar/U.S. DollarFXCM

Description

This is one of my favorite types of setups.

We've had a kumo breakout and broken a major price structure level.

Typically when this happens we get a re-test of that level before falling further.

That's exactly what we're looking for here.

I want to see a drawback and rejection at that level with a bearish trend continuation move.

If we don't get the move all the way back up we can also look for a move below our current candle as an alternative sell stop style entry.

If we fail to play out either of those scenarios, this setup may become invalidated.

Comment

We didn't get the initial rejection we were looking for but we did get move back down and through our entry zone, I closed this in profit before the end of the week
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