The808Trader
Short

Aussie Swing Trade - EUR/AUD Ichimoku Sell Trade Setup

FX:EURAUD   Euro / Australian Dollar
EUR/AUD is down testing  important price structure support and we have a good possible swing trade on our hands. For those that like to pay more attention to price structure patterns, this does resemble a larger sized head and shoulder pattern. We do have the future kumo twist started to bearish , a bearish TK cross, and chikou span is just shy of breaking through price to the downside. If we do get the break or price structure support with will coincide chikou span getting below and free of price. If we can get that break of price structure and hold below it, I'll enter my short. I've drawn out partial take profit levels on the way to longer term price structure support . If we fail to break support or form and hold a bearish trend , this setup may become invalidated.
Comment: This trade is running great, and even provided a second chance to enter on a drawback to our entry level before dropping. We've hit our second partial take profit level and I'll continue to let more run
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out