Further Kiwi Weakness? NZD/USD Ichimoku Sell

4 Agu 2019

This one is a little smaller move than I typically go for, but the risk to reward is pretty solid if we get the entry I'm looking for. I am looking for a good rejection candle at tenken sen for a short term sell. I've drawn out partial take profit levels on the way to my main target. We'll have to be watching this pretty closely at the open as price may react pretty fast. If we fail to hold at tenken sen, then my focus will switch to looking for a rejection at kijun sen to the same targets. If either of these scenarios fail to play out, this setup may become invalidated.