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Ichimokuforex

GBP/CHF Bearish Ichimoku Swing TradeLove where this pair is at! We're about to attempt a bearish kumo breakout here at market open. I've drawn my entry a little lower near the bottom of the previous bearish kumo to the left of price. I've placed a stop loss just above the most recent candle high. This can turn into a nice swing trade, but I've also drawn out two partial profit levels to aim for along the way. If we fail to maintain bearish confirmations or to form lower lows and highs, this setup may become invalidated. 
Short
by The808Trader
3
EUR/USD Drawback Trade - Ichimoku ResistanceThis pair has been pushing up with a lot of the news coming out about China changing their peg back to yuan, as well as the downturn of the markets that we've had with the corona virus epidemic. We got a long wick right before the market closed last week which lines up with a kumo rejection on the daily chart. For this setup I'm looking at a drawback back down to test major price structure support. We've got a good tight stop above the wick from last week and a pretty good risk to reward ratio. If we fail form new lows to trigger a sell or if we end up forming a long wick support candle, then this setup may become invalidated.
Short
by The808Trader
1