Yen Making A Come Back? - Ichimoku USD/JPY Sell Trade
This pair had been in a consolidation zone for over a week (shown as the blue box) and we've finally broken out below it. I am now looking for a confirmed bearish kumo breakout to enter a sell. I've drawn my entry point at a flat area on the kumo that also lines up near the end of the wicks of the failed bearish moves we've already had. My longer term target was drawn out previous price structure and a flat kumo, as well as a kumo twist. If we fail to get the breakout or close below the flat kumo we want for entry, this setup may become invalidated.
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