More Euro Losses? - EUR/USD Ichimoku Short Trade Setup
We had a big move down last week and have stalled out a bit, but are maintaining bearish signs for now.
I am looking for a drawback to kijun sen or even price structure near our stop loss to look for a chance to sell.
That will look like a clear rejection at kijun sen, or a move up and through, then waiting for price to come back down to validate this setup as a normal bearish move.
With the issues the EU are having and the data that is coming out, we may end up being bearish in the long run as well.
If either of those scenarios fail to play out, this setup may become invalidated.
I am looking for a drawback to kijun sen or even price structure near our stop loss to look for a chance to sell.
That will look like a clear rejection at kijun sen, or a move up and through, then waiting for price to come back down to validate this setup as a normal bearish move.
With the issues the EU are having and the data that is coming out, we may end up being bearish in the long run as well.
If either of those scenarios fail to play out, this setup may become invalidated.