Ichimoku_Trader

Look for a retracement first...

Short
Ichimoku_Trader Updated   
FX:GBPUSD   British Pound / U.S. Dollar
29
We have entered the sell zone. Now we need to break critical support to be sure that we are going down.

Safe plan: Wait for price to retrace to the tenkan sen. Then take a short on the breakout below today's low (whatever it is) with your stop just above the last high before the breakout

Brave plan: Take the short at the tenkan sen with yours stop just above the stop loss line

Good luck
Comment:
If you have entered into this trade your stop should now be at 1.4280 risking about 87 pips

Good luck

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.