More Euro Weakness - EUR/USD Ichimoku Short Trade
For this setup we're going to zoom out to the daily chart.
We've had some good indecision and wick rejection candles.
I am looking for a break of the previous candles low wick to enter my short.
This is also combined with a look at the fundamentals of the EU as interest rates sit flat and not a lot of growth prospects.
If this move doesn't play out right away I would still keep an eye on it as I see the USD gaining on the EUR over time.
As long as we break that previous candle low I will enter my sell looking at previous price structure lows as my overall target, with a couple other price structure targets I've drawn out along the way.
If we fail to break lower or if our bearish signs change, this setup may become invalidated.
We've had some good indecision and wick rejection candles.
I am looking for a break of the previous candles low wick to enter my short.
This is also combined with a look at the fundamentals of the EU as interest rates sit flat and not a lot of growth prospects.
If this move doesn't play out right away I would still keep an eye on it as I see the USD gaining on the EUR over time.
As long as we break that previous candle low I will enter my sell looking at previous price structure lows as my overall target, with a couple other price structure targets I've drawn out along the way.
If we fail to break lower or if our bearish signs change, this setup may become invalidated.