Aussie to reign over the Pound? - Ichimoku Short Trade Setup
This setup we will have to wait to develop a bit. I am looking for a slight rise to tenken sen where I will look for a confirmation of a sell. Two ways that could manifest itself is in the form of a good rejection candle with a long wick on top that closes below tenken sen, or for price to see a hard rejection there and start heading down. So we'll have to watch this one vs waiting for a trigger order like some of the other setups I walk through. If we see that good rejection I will enter a sell targeting previous price structure on the left side of the screen. I've also drawn out some partial profit levels where I'll look to trade profit and risk off the table should I enter a sell. If we fail to get a strong rejection at tenken sen, we may also look for that rejection at kijun sen. If those both fail, this setup may become invalidated.
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