CHF ready to gain some ground? - Ichimoku USD/CHF Sell Setup

17 févr. 2019For this setup we're going to zoom into the 1 hour chart. We've had 4 price structure rejections before falling down below the kumo. We are still holding a price structure floor here, but I've set an entry below that level, so that if we break it, I can get into this sell. I've also drawn out some partial take profit level to aim for on the way down to my longer term take profit. I am setting my stop loss right above the last several candles at our current price level. This setup may become invalidated if we fail to break price structure lows or maintain our bearish confirmations.