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The808Trader

Drawback Over? - USD/CAD Ichimoku Short Trade Setup

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
The808Trader  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns Technical Indicators USDCAD usdcadshort Bearish Patterns Ichimoku Cloud the808trader drawback retracement ichimokukinkohyo
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chartpattern indicator usdcad usdcadshort bearish ichimokuclouds the808trader drawback retracement ichimokukinkohyo
The setup levels should look familiar as they match a previous breakout setup we had for USD/CAD.

I am looking for a rejection at this flat kumo level for a breakdown to major price structure support again.

It looks like we are already starting to form a bearish move down and I'll want to see it sustained with our normal ichimoku bearish signs.

If we fail to see a proper rejection here at the flat kumo level, or if the confirmations change to bullish, this setup may become invalidated. 
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