We got an initial move up last week before JPY strength took over and gave us a bearish kumo breakout.
We've had a decent drawback here and look to have formed a good rejection candle at tenken sen.
As long as we don't have any large gaps at market open, I'm looking to enter a sell and aim for price structure lows as I've drawn out.
This setup has a decent risk to reward ratio, depending on your broker, your chart may look slightly different that this.
IF we fail to hold our bearish confirmations, we have a large gap at open, or price close above tenkan sen, this setup may become invalidated.
We've had a decent drawback here and look to have formed a good rejection candle at tenken sen.
As long as we don't have any large gaps at market open, I'm looking to enter a sell and aim for price structure lows as I've drawn out.
This setup has a decent risk to reward ratio, depending on your broker, your chart may look slightly different that this.
IF we fail to hold our bearish confirmations, we have a large gap at open, or price close above tenkan sen, this setup may become invalidated.
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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.