This setup is pretty straight froward. I am looking for a bearish kumo breakout to validate a sell signal.
Right now we are holding back above the flat kumo, so I need to see that level broken where I've drawn my entry level to help confirm it is indeed time to sell.
I've placed my stop for this setup above the recent price structure Lower High.
As usual I've drawn out my partial take profit levels on the way to my overall price structure target. If we fail to get that breakdown, then this setup may become invalidated.
Right now we are holding back above the flat kumo, so I need to see that level broken where I've drawn my entry level to help confirm it is indeed time to sell.
I've placed my stop for this setup above the recent price structure Lower High.
As usual I've drawn out my partial take profit levels on the way to my overall price structure target. If we fail to get that breakdown, then this setup may become invalidated.