Trade War Weakness? USD/CHF Ichimoku Short Trade Setup
This pair fell hard with the new tariff announcement from President Trump last week. We are now approaching some important price structure support levels. I am looking at a sell with 2 different ways to enter. The better scenario would be for a drawback back up to where I have my entry line drawn and see a good rejection candle form there to help confirm it's indeed time to sell. The second way would be to set a sell stop at the level I have marked on the chart, a break of that price structure support level should drive further downside action. I've drawn out multiple partial take profit levels to aim for on the way to my longer term target, assuming a bearish trend stays in-tact. If either of these two scenarios fail to play out, this setup may become invalidated.
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