Lower High to form? EUR/CHF Ichimoku Trade Setup

13. Jan. 2019

I know a lot of my recent setups have been on the swing trading side of things so for this one I'm going to look for a little shorter of a move. This pair has fallen down to kijun sen and is holding support there currently. I am looking for a move back up to grab some brief profit. It's worth noting that I am setting my TP at a level that I see us forming a lower high at. I do not believe at the moment that will will get any higher than the last price structure high. We may not reach as high as my final TP but I'll be adjusting my stop loss regularly every 25 pips or so if we enter and go into profit. If we fail to break higher or hold kijun sen support, this setup will become invalidated.