Kiwi to Sour? NZD/USD Ichimoku Short Setup
I am looking and yet another drawback setup.
The kiwi is in the middle of a drawback currently and I am watching to see if we get a push all the way back up to our flat kijun sen level.
If we do, I'll look for a rejection to sell back down to our previous price structure lows.
I've drawn my stop loss above the wick that I believe would disprove this setup idea, and I've drawn out some partial take profit levels to aim for as well.
If we fail to push any higher or fail to show signs of rejection, this setup may become invalidated.
The kiwi is in the middle of a drawback currently and I am watching to see if we get a push all the way back up to our flat kijun sen level.
If we do, I'll look for a rejection to sell back down to our previous price structure lows.
I've drawn my stop loss above the wick that I believe would disprove this setup idea, and I've drawn out some partial take profit levels to aim for as well.
If we fail to push any higher or fail to show signs of rejection, this setup may become invalidated.