The808Trader

Pound Strength To Continue? - Icimoku GBP/JPY Long Trade Setup

Pembelian
FX:GBPJPY   Pound Inggris / Yen Jepang
This pair made the bearish move we were looking for before finally finding some support and rising over the past week and a half or so. We went into the kumo, broke out, fell to test support, and have now started rising. I am looking for that similar drawback and testing of support for a chance to enter into a buy. I've set my entry level near the wicks of the previous resistance we saw. This is not a setup that I will be setting a limit order for, I will need to watch to make sure that we see support form at that price structure level before I dive into a new position. If we can form a good support candle there or show some good price interaction at that level I will get long, hoping for my long term swing target I've drawn out. I also have some partial take profit level I'll be aiming for, should I get a good entry. If we fail to get a good drawback, resistance doesn't hold, or we lose our bullish signs, this setup may become invalidated.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.