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The808Trader

NZD ready to fight back? - GBP/NZD Short Trade Setup

Short
British Pound / New Zealand Dollar (FX:GBPNZD)  
The808Trader  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators GBPNZD gbpnzdshort Bearish Patterns Ichimoku Cloud ichimokukinkohyo ichimokuforex the808trader
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trendanalysis chartpattern indicator gbpnzd gbpnzdshort bearish ichimokuclouds ichimokukinkohyo ichimokuforex the808trader
This setup is pretty straight froward. I am looking for a bearish kumo breakout to validate a sell signal.

Right now we are holding back above the flat kumo, so I need to see that level broken where I've drawn my entry level to help confirm it is indeed time to sell.

I've placed my stop for this setup above the recent price structure Lower High.

As usual I've drawn out my partial take profit levels on the way to my overall price structure target. If we fail to get that breakdown, then this setup may become invalidated.
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