This pair fell down below the kumo cloud right through a former kumo twist region.
These are ideal areas to look for sell and I'm looking for that sell to continue.
There's two ways we can enter into this trade with either a drawback and rejection at the entry I have drawn, or a sell stop below our current candles.
We also are close to a bearish kumo twist to help confirm we are due for some further downside as well.
If either of the two entry scenarios fail to play out, this setup may become invalidated.
These are ideal areas to look for sell and I'm looking for that sell to continue.
There's two ways we can enter into this trade with either a drawback and rejection at the entry I have drawn, or a sell stop below our current candles.
We also are close to a bearish kumo twist to help confirm we are due for some further downside as well.
If either of the two entry scenarios fail to play out, this setup may become invalidated.
Note
Trade not triggered as we didn't get rejection or break of the important level we were watching
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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.