CAD to beat down the Aussie? - Ichimoku AUD/CAD short sell setup

2019年2月24日

This pair saw a firm rejection at kijun sen last week and I'm looking to try and take advantage of that bearish momentum to get into a short position. I've placed my entry at the body of previous support and price structure, I'm looking for a break of that level to continue the bearish momentum we've seen. I set my TP at the tip of the extended wick we can see on the left side of this chart. If we look like we have good momentum I'll leave some of the position to run in profit. If we fail to keep our bearish confirmations or if we fail to break lower, this setup may become invalidated.