Aussie Weakness? - Ichimoku AUD/USD Sell Trade

This is one of my favorite types of setups.

We've had a kumo breakout and broken a major price structure level.

Typically when this happens we get a re-test of that level before falling further.

That's exactly what we're looking for here.

I want to see a drawback and rejection at that level with a bearish trend continuation move.

If we don't get the move all the way back up we can also look for a move below our current candle as an alternative sell stop style entry.

If we fail to play out either of those scenarios, this setup may become invalidated.

Commentaire:

We didn't get the initial rejection we were looking for but we did get move back down and through our entry zone, I closed this in profit before the end of the week