The808Trader

EUR/CHF Icimoku Short Sell Idea

FX:EURCHF   유로 / 스위스 프랑
We've been watching this pair for a while and I commented that the 4 hour breakout hadn't convinced me we were in a true breakout yet, and that more than likely it was actually a fake breakout. This has turned out to be the case so far. Since we are still holding bearish sentiment on the daily I am looking for a slight rise to test kijun sen, Once/If we see a rejection there I will look for a longer term sell. Looking at hte current price structure it would make sense to target our previous structure low, but I would take some partial profit on the way down in the case that we don't make it all the way back down.

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