USD Rampage? EUR/USD - Ichimoku Short Trade Idea
We've been in a strong bearish trend with this pair. NFP caused a brief drawback right to tenken sen where we saw a textbook rejection. All current confirmations are bearish, so I'm looking to take advantage of the next movement. I've drawn out a few partial take profit levels along the way. This trade setup has a 1.5 Risk to Reward Ratio, so while it's not as high as I would like, I think its a strong enough setup that it's worth taking. This trade may get triggered pretty quickly after market open so I'll need to make sure to be on my toes or set a sell stop. If our bearish signs change to bullish or we fail to break below the previous low where our entry is, this setup may become invalidated.
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