Swiss gains? - Ichimoku USD/CHF short trade setup

This pair saw a big move down last week and while ranging inside the kumo we saw further resistance to the upside. We ended the week with another attempt at a a breakout and some nice bearish candles. I am looking for a break of the previous bearish wick to enter into a sell position. I've drawn out some potential targets to aim for along the way to our major TP if we get our confirmations as entry. I'm keeping a tight stop loss at the kumo cloud, it should allow enough breathing room but it can always be moved up to price structure lows to allow for more room if necessary. If price fails to break lower or our bearish confirmations change, this setup may become invalidated.

Commentaire:

targets absolutely smashed!