This pair shot up a bit last week but since then has been forming lower highs.
I am looking for a bearish kumo breakout to coincide with a bearish kumo twist to confirm that it is time to try and push back lower as people rush back to safe havens like the Swiss Frank.
I've drawn out some partial take profit levels on the way to my overall target.
If we fail to maintain bearish confirmations, or if we fail to break down and hold below the kumo, this setup may become invalidated.
I am looking for a bearish kumo breakout to coincide with a bearish kumo twist to confirm that it is time to try and push back lower as people rush back to safe havens like the Swiss Frank.
I've drawn out some partial take profit levels on the way to my overall target.
If we fail to maintain bearish confirmations, or if we fail to break down and hold below the kumo, this setup may become invalidated.