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Kumowizard
Jul 14, 2017 12:02 PM

4H Swing sell signal Short

U.S. Dollar/Japanese YenFXCM

Description

Daily:
- Ichimoku has bullish bias, but price is bit far above equilibrium
- Possible double top at 114+ resistance
- Heikin-Ashi is swing bearish
- MACD may cross down to indicatie forther pull back/consolidation

4H:
- Ichimoku is drifting towards bearish setup -> see forward Kumo. After initial break and dip below Kijun (to the cloud) we had some reaction. Reaction followed by a Heikin-Ashi sell signal.
- Short term bears have better odds, until EWO is red and 4H is below Kijun Sen.

Sell half unit (ATR adjusted) size, with stop at 113,75, target 111,70+. (initial exp. RR is 2,88). Size up to 1 unit below 112,95.
Since it is a counter trend swing short position, larger exposure is not recommended.

Comment

In full short now.
Comments
Kumowizard
any retest to 113 can be another sell opportunity. Look for sell signal at 4H support
Kumowizard
How did you like this idea? :-)
t0rinn
@Kumowizard, i think would be correction to 113 500
t0rinn
@Kumowizard, may be 113 300
Kumowizard
seriously? What data are you looking at? it is trading at 112,40 already. @t0rinn,
t0rinn
@Kumowizard, time will judge us :)
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