Aussie Swing Trade - EUR/AUD Ichimoku Sell Trade Setup
Updated
EUR/AUD is down testing important price structure support and we have a good possible swing trade on our hands. For those that like to pay more attention to price structure patterns, this does resemble a larger sized head and shoulder pattern. We do have the future kumo twist started to bearish, a bearish TK cross, and chikou span is just shy of breaking through price to the downside. If we do get the break or price structure support with will coincide chikou span getting below and free of price. If we can get that break of price structure and hold below it, I'll enter my short. I've drawn out partial take profit levels on the way to longer term price structure support. If we fail to break support or form and hold a bearish trend, this setup may become invalidated.Note
This trade is running great, and even provided a second chance to enter on a drawback to our entry level before dropping. We've hit our second partial take profit level and I'll continue to let more run
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