The808Trader

Kiwi to Shine? - Ichimoku GBP/NZD Short trade Setup

Short
FX:GBPNZD   Livre sterling / Dollar Néo-Zélandais
We nailed this one last week, let's see if we can make it two weeks in a row. This pair saw a big drop last week before ending in a drawback. I am looking for a further move to the downside here as price has stalled out near kijun sen. This pair has been a little sloppy as far as respect of tenken and kijun sen, so I'm not too worried with it not being a super tight rejection here. This is also a an order that I will probably set as a sell stop. It's a tight enough stop loss that I'm not to worried about not watching it, if it gets triggered. This is also a setup that will have a lot to do with the outcome of Brexit. So, depending on the news, this may progress rapidly or slowly.

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