Yen over the Euro? - Ichimoku EUR/JPY sell setup

٢٤ فبراير ٢٠١٩

For this setup I'm zooming in on the 1 hour time frame. This is a little pre-emptive of a failed support move on the 4 hour. I've placed our entry a few pips below kijun sen on the 4 hour which lines up with an entry below the kumo here. Remember that all ichimoku components tie together, so it is no coincidence that this setup takes place where it is, lining up with that break of support on the higher time frame. I've drawn out several partial take profit levels to aimf or on the way to my longer term TP. As long as bearish signs hold I'll look to let some of my position run to that long term target. If we fail to break support or if any of our confirmations change this setup may become invalidated.