This pair has been trending pretty strongly in a bearish fashion and I am looking for some entry to get into a trend continuation move. I've sen this entry at a break of current price structure lows, but an alternative entry that would give us an even better risk to reward would be a drawback to and rejection at tenken sen or kijun sen. Either of those entries will be enough validation for me to get short. I've drawn out my longer term target as well as partial take profit levels to aim for along the way. If we fail to get the rejection or break price structure support, this setup may become invalidated.
hi does this mean your short entry is 139.5 ? TP 134.60 SL 140.425 ?
The808Trader
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@oeiw, Hey, sorry the delayed response, Yes it does! I have it set as a triggered order below price structure in this instance, so I am still yet to enter the sell, I'm waiting for that break of price structure for my final confirmation of entry