GBP/USD - Ichimoku Short Idea

2018年9月4日

This pair saw a bullish rise last week before finally falling back into the cloud. We are now showing some bearish signs with the bearish TK cross we've had. The kumo cloud is thinning now and is setting up to complete a kumo twist. I am watching for the twist to complete and a bearish kumo breakout to act as confirmations to enter a sell posistion. I've placed my entry where I believe the most likely area we could get that bearish kumo breakout is. I have to previous structure lows I'll be targeting as my TP's as drawn out with the blue horizontal lines on the chart. If we fail to get the breakout or our bearish signs change, this setup may become invalidated.