The808Trader

EUR/NZD Bearish Ichimoku Breakout Sells

Short
FX:EURNZD   Euro / New Zealand Dollar
After a push up last week this pair finally settled back downward at the edge of the kumo support.

We are breakout out bearishly right now so I've set my entry line a little below recent price structure.

If we can break that level I'll enter my sells and aim for price structure lows you can see to the left.

I've also drawn out a couple partial take profit levels to aim for along the way.

If we fail to break price structure support or if our bearish confirmations change, this setup may become invalidated.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.