Was looking around for a position trade, and found GBPJPY. Not the usual currency pair, nevertheless an opportunity underlying.
Technical (Ichimoku)
Tenkan sen just cut below the kijun-sen and chikou span below the kijun-sen. Price itself was in the kumo cloud, and a rising kumo cloud ahead.
Strategy (Ichimoku)
Took a short position, establishing it while price action was in the kumo cloud. Not a strong short signal, entry with small sizing, with stop loss above the forward cloud hi.
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