The808Trader

CHF breakout? - Ichimoku NZD/CHF Sell Trade

Short
FX:NZDCHF   New Zealand Dollar/Swiss Franc
This pair formed a very strong rejection candle at tenken sen and has continued it's bearish move down. I am looking for a break of price structure to look for a short entry. I've set my TP at a previous price structure low, but I've drawn out several areas where I will look to take partial profit at or at the very least watch to see if support looks like it will hold there. If we fail to break support or climb lower then this setup may become invalidated.

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