The808Trader

GBP/JPY Short Ichimoku Trade Idea

Short
FX:GBPJPY   British Pound / Japanese Yen
This pair is ranging in the cloud right now, and we are starting to see some bearish signs. I am looking to enter a sell if we can break below the kumo cloud, which is acting as a strong s/r level right now. If we can break that level and get a kumo twist to bearish, as well as chikou span holding below price, that will be enough confirmation to get in the sell for me. I've also drawn out some longer term targets to go after if we can get a good bearish break.

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