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The808Trader
Apr 21, 2019 6:18 PM

Sour Kiwi? - Ichimoku NZD/USD Short Trade Setup Short

New Zealand Dollar/U.S. DollarFXCM

Description

The Kiwi has been in a nice bearish trend here and it looks to be holding. I am looking to hop in the bearish trend here for a continuation setup. There are two ways to enter this one but I've drawn the one that is waiting a little longer for confirmed moved down, which is where I've drawn out my trigger for entry. As an alternative we can watch for a drawback up to kijun sen and enter off if we see a rejection. This setup also comes after last week's bullish attempt was invalidated and failed. I've marked a longer term swing target as well as some partial profit levels to aim for a long the way if we get the breakdown we want. If we fail to break lower or end up breaking through to the upside, this setup may become invalidated. 
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