Way of the Samurai - Eur/JPY - Ichimoku Short Trade Idea
Another bearish setups, it can't be ! It is indeed! With the market widely expecting the BoJ to adjust monetary policy last week, they abstained and shocked the market a bit. We got a nice rejection at the cloud and price has been heading down since. I've drawn out a few possible Take Profit levels on our way down. This is another setup that will be more of a swing trade, and I'll look to hold it for awhile to see if we approach my long term take profit level which is a previous structure low. If any of our bearish signs change or we fail to break lower, this setup may become invalidated.
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