Swiss Safety Net? EUR/CHF Ichimoku sell setup

10 feb 2019

We saw the Swiss Franc make up some strong ground last week and I am looking for that trend to continue this week. We are pretty far from tenken sen so we may end up getting a drawback to test resistance before trying to make a move further down. I am placing my entry below previous price structure support to the left of current price. If we break that level I'll be looking to hop in that sell targeting the next major price structure support you can see based on where my TP is set. As an alternative we can also look for a sell off a Tenekn sen rejection (This is the bounce trade I teach) which would give us a better risk to reward as well. If we fail to break lower or hold resistance at tenken sen, this setup may become invalidated.