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The808Trader

AUD/USD - Ichimoku Short Trade Idea

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Dólar Australiano/Dólar Americano (FX:AUDUSD)  
The808Trader  
FX:AUDUSD   Dólar Australiano/Dólar Americano
Trend Analysis Chart Patterns Technical Indicators ichimokukinkohyo Ichimoku Cloud AUDUSD Bearish Patterns ichimokuforex the808trader Forex forexsignals
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trendanalysis chartpattern indicator ichimokukinkohyo ichimokuclouds audusd bearish ichimokuforex the808trader forex forexsignals
This one is pretty straight forward as far as trend trades go. We are in a bearish trend overall, but in the middle of a drawback. I am looking for a rise up to kijun sen for signs of a rejection so I can enter a sell to stick with my bearish bias. This setup will be about patience to wait for the rejection. If we fail to get a rejection at kijun sen, that could imply that we are actually in the midst of a reversal, so it will be important to see how price interacts there. Ideally we'll see a long wick through kijun sen and a close below it to signal a good time to enter that sell. I am targeting previous structure lows that acted as support for this move up as my TP
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