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The808trader

Cad Strength Coming? - USD/CAD Ichimoku Short TradeThis is a drawback setup on the 4 hour chart that I've zoomed into the 1 hour chart to take a closer look at. My overall lower target aligns with the kumo cloud low we had recently. It's simple enough to see the bearish move we've started to get here and this setup is looking to capitalize on this move down. If we fail to break the resistance I've drawn for entry, or our bearish confirmations change, this setup may become invalidated. 
Short
by The808Trader
Yen to Reign? - USD/JPY Ichimoku Short Trade SetupThis pair broke down and out of the kumo last week before having a drawback up to kijun sen. I am looking for a simple rejection here at kijun sen and a bearish kumo breakout to confirm a sell. If we get it I'll be aiming for price structure lows, including the most recent move down. You can see the price structure to the left that is giving me an overall target to aim for. As always I'll take partial profit along the way at some of the levels I've drawn out and also be looking to add positions if things continue to work in our favor. If we fail to get a bearish kumo breakout or maintain our bearish confirmations, this setup may become invalidated.
Short
by The808Trader
Aussie Bearish Move - AUD/USD Ichimoku Short TradeThis pair struggled to break the kumo before finally getting the push out towards the end of last week. I am looking for a retest of the edge of the kumo and price structure to form a good rejection candle to enter my sell. I've drawn out a couple targets but you can see the major price structure level I'm aiming for that lines up with the flat bottom of a previous kumo. If we fail to get the drawback to our entry level or if our bearish confirmations change, then this setup may become invalidated.
Short
by The808Trader
EUR/AUD Bearish Trend Move - Ichimoku setupI'm looking at a trend continuation trade here as the EUR continues to show weakness. Price is holding at kijun sen right now and I'm watching for a push back down to price structure lows as my target. This one is pretty straight forward, and  while we have some spots we can look to take some partial profit, I'll just adjust my stop loss to breakeven after moving about halfway to my target. If we fail to continue to hold at kijun sen or our bearish confirmations change, then this setup may become invalidated.
Short
by The808Trader
EUR/USD Bearish Trend Continuation - Ichimoku TadeThis pair plaid out the consolidation zone we had drawn last week before making a nice bearish breakout. I'm looking for that trend to continue as the US-China deal continues to be developed and shaped out. I am looking or a drawback to the closest price structure level for a rejection so we can hop into a bearish trend continuation trade. Typically I'm looking for a good rejection candle with a wick through support but I'll be watching to see how price acts at this level either way. We have lots of price structure levels I've drawn out but I'll be watching for a push to major price structure lows as my overall target. If we fail to maintain our bearish confirmations or we don't hold resistance at the level I'm watching, this setup may become invalidated.
Short
by The808Trader
GBP/JPY Breakdown? - Ichimoku Short trade SetupThis pair remains in a tight consolidation range and I am watching for some possible downside movement this week. I want to see price close beyond my entry to help confirm it is indeed time to sell. I've drawn out a few targets on the way to my overall price structure target. If we fail to get this bearish breakdown, or if our signs allign bullish, then I will shift my bias and look to enter a long on a breakout of the zone we've been stuck in.
Short
by The808Trader
1
USD/JPY Bearish Trend Continuation - Ichimoku SetupWe got an initial move up last week before JPY strength took over and gave us a bearish kumo breakout. We've had a decent drawback here and look to have formed a good rejection candle at tenken sen. As long as we don't have any large gaps at market open, I'm looking to enter a sell and aim for price structure lows as I've drawn out. This setup has a decent risk to reward ratio, depending on your broker, your chart may look slightly different that this. IF we fail to hold our bearish confirmations, we have a large gap at open, or price close above tenkan sen, this setup may become invalidated.
Short
by The808Trader
1
EUR/USD Consolidation or Breakout?There's a couple ways to play this setup depending on how price progresses. I've drawn out the zone where price has been stuck in yellow. If we see more rejection at the top of the zone we can look for a consolidation trade and sell back towards the middle and bottom of the zone. If we break up and above our zone then we can look to enter a buy on either the breakout and close or a breakout and retest of the top of the zone. In that scenario I've drawn out some partial profit targets on our way to a previous price structure high I'd aim for. If these scenarios fail to play out I will look to re-evaluate and this setup may become invalidated.
by The808Trader
1
AUD/CHF Small Bullish Breakout TradeWe've hit some strong resistance for this pair and I am looking for it to be broken for a chance to get into a bullish breakout. I've drawn out my buy zone I'm watching in yellow, I would like to see either support form with a good candle, or a breakout of that zone to help confirm it is indeed time to buy. I've drawn out a couple targets on the way to my overall price structure highs I'm aiming for. If we fail to form good support at the bottom of the zone, or breakout of the top of the zone, then this setup may become invalidated.
Long
by The808Trader
USD/CHF Ichimoku Bullish Trend Continuation Swing TradeThis pair saw a nice bullish push last week up and out of the kumo as you can see from the chart. We are still shy of a bullish kumo twist but every other sign still points to bullish. I am looking for a drawback to previous price structure resistance to act as support as a confirmation for entry on this trend continuation setup. Ideally we will see a good support candle for or at the very least a hard support form. If that happens I'll entry my long as we have it here and aim for my overall price structure target I've drawn out as well as take partial profit at some of the levels I've drawn out. If we fail to get a good drawback for entry or fail to hold support, this setup may become invalidated.
Long
by The808Trader
USD/JPY Ichimoku Swing Trade SetupWe're zooming out to the daily chart to look at this setup. I am watching an important price structure level to be broken in order to help confirm that we have an established firm that will try and run bullishly for us. I need to see a close above that level on at least the 4 hour to help confirm this bias. I've drawn out several price structure targets on the way to our overall target but we'll be looking to grab some partial profit on the way and adding to our position at key levels.  IF we can't close above that resistance and maintain our bullish bias, this setup may become invalidated.
Long
by The808Trader
Aussie Strength? - AUD/USD Ichimoku Long Trade SetupThe Aussie gained a little bit of strength last week, pushing up and above prior price structure resistance we can see to the left of price. I am looking for this bullish run to continue, but I want to enter on a retest of price structure support. If we can get that in the form of a drawback and a good support candle form, then I'll look to get long. If we look on the far left we've had some price structure we can aim for in the even that this bullish form continues. If we fail to continue to hold bullish signs or we fail to get a drawback for a good entry, this setup may become invalidated.
Long
by The808Trader
CHF Strength to continue? - USD/CHF Ichimoku Short Trade SetupThis pair saw a big push down last week with some further continuation to the downside. I am looking for that trend to continue this week with chance to get short. Ideally we would see a drawback to around the level I've drawn out with a good rejection candle to help confirm we're continuing downward. If we fail to hold the trend or if we don't get a good drawback to enter into the sell, this setup may become invalidated.
Short
by The808Trader
Euro Bull Run Still On? - EUR/USD Ichimoku Trade SetupAfter establishing a strong trend up we are likely to see some sort of gap or drawback with the Brexit delay news. I am looking for that drawback to happen at or near price structure support. If we can get the drawback and price show good signs of holding by a good support candle, I will look to enter and long and continue to hold the overall bullish trend. If we fail to hold support or if the gap down is too large, this setup may become invalidated.
Long
by The808Trader
AUD/JPY Bullish Run? - Ichimoku AUD/JPY Long tradeThe Aussie gained a little bit of strength last week, pushing up and out of the kumo. I am looking for a drawback for a chance to get into a bullish trend trade. My ideal entry is at a drawback to price structure support as I've drawn out with a good support candle forming. If that opportunity presents itself I will buy and aim for the major price structure target I've drawn out, as well as my longer term target at the bottom of a range bounce zone we had been stuck in for quite some time. If this scenario fails to play out or a good entry does not present itself, this setup may become invalidated.
Long
by The808Trader
AUD/CHF Bullish Push? - Ichimoku Long Trade SetupThis pair consolidated for a couple weeks before finally getting a big push up. I am now looking to see if we can establish a longer term bullish trend as I look for chances to get long. My ideal entry is a drawback to tenkan sen and price structure support for a chance to buy. I've drawn out a couple of targets on the way to the major price structure target I've labeled on  the chart. If we fail to hold support or if our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
NZD/JPY Time to Rise? - Ichimoku Swing Trade SetupThis pair had a solid kumo breakout last week and I am looking to hop on what could potentially be a longer term trend move. I am looking for a slight drawback to support for a springboard up and my entry point. I am targeting the major price structure level I've labeled as well as another past level as my overall target. As long as this trend holds I will hold some portion of my original entry open (while in profit), and look for new places to entry on the way to the longer term target. If we fail to maintain a bullish trend or our confirmations change, this setup may become invalidated.
Long
by The808Trader
Kiwi to Fight Back? - NZD/USD Ichimoku Long Trade SetupThe kiwi has started to fight back a little here and is now attempted a kumo breakout. We are in the middle of a drawback to re-test our trend support at the kumo and tenkan sen. I am looking for support to hold for a chance to get long as we attempt to rise up and challenge previous price structure resistance. I've drawn out several partial take profit levels we can aim for along the way to our final price structure target. If we fail to hold support then this setup may become invalidated.
Long
by The808Trader
JPY to Break Resistance? - EUR/JPY Ichimoku Short Trade SetupPrice has slowly been trending toward and we've stalled out a bit here. We can see kijun sen has gotten a bit flat, but I am looking for a break of price structure to get into a short trade. I've also drawn out some important levels to aim for a long the way to our price structure target. That test and close below our entry level is what will help me decide whether or not get short. We have a pretty decent risk to reward with a stop being set at kijun sen. If we fail to get that break of price structure this setup may become invalidated.
Short
by The808Trader
Can Eur break resistance? - EUR/USD Ichimoku Long Trade SetupWe failed to get our rejection back down last week so I am looking to see if we can break up and through price structure and the kumo to test previous price structure resistance. It's worth noting that this break should signify a break of kijun sen resistance on the daily chart as well. If we fail to get this move up started then I'll zoom out to the daily and look for a rejection back to the downside. I've drawn out some price structure levels to aim for on the way to our price structure target as well. We'll keep a close watch on how price is moving after market open and see what price is telling us. If we fail to break higher, then this setup may become invalidated and we'll zoom out to the daily to look for a possible short.
Long
by The808Trader
1
Fear Over? - USD/JPY Ichimoku Long TradeThis is a pretty simple setup. We've been stuck in this range for a little while now but look like we'll be trying to test previous price structure resistance soon. I'm looking for a drop to tenkan sen and support to hold for a decent long entry. We're also close to a bullish kumo twist which would help give us a little more confirmation that we will be heading back up here soon. I've drawn out partial take profit levels on our way to our target and our risk to reward looks decent here. If we fail to find support or complete the bullish kumo twist, this setup may become invalidated.
Long
by The808Trader
USD to Pound the Pound? - GBP/USD Ichimoku Short TradeWe had a bearish breakout with this pair last week and I'm presenting two different ways to look to hop into this trade to get into the bearish trend. I would prefer to see a drawback and rejection which is how I've setup this trade up. A good rejection at the entry level I've drawn would give me a clear signal to enter. That is going to give us the best risk to reward and is typically how I prefer to enter trend continuation trades. As an alternative, if we don't get a drawback, I've drawn out a level that we can set a sell stop entry at. If we break that level then it will be good enough for me to enter a sell for a further move down. If either of those scenarios fail to play out, this setup may become invalidated for now.
Short
by The808Trader
More Euro Losses? - EUR/USD Ichimoku Short Trade SetupWe had a big move down last week and have stalled out a bit, but are maintaining bearish signs for now. I am looking for a drawback to kijun sen or even price structure near our stop loss to look for a chance to sell. That will look like a clear rejection at kijun sen, or a move up and through, then waiting for price to come back down to validate this setup as a normal bearish move. With the issues the EU are having and the data that is coming out, we may end up being bearish in the long run as well. If either of those scenarios fail to play out, this setup may become invalidated.
Short
by The808Trader