Cad Weakness? - USD/CAD Ichimoku Long Trade Setup
We have a kumo breakout here with USD/CAD and I'm looking for a chance to hop into a bullish trend.
We've gotten a little bit away from tenkan sen here which leads me to believe we'll probably get a drawback to the kumo or tenkan sen soon.
I am looking for that drawback and support to hold for a chance to get back long.
With the news of the Drone attacks on Saudi oil sites, this may gap down and get us a good entry to start off the week.
I've drawn out my major Take Profit level at price structure highs, as well as several partial take profit levels to aim for along the way.
If we fail to get a drawback or support doesn't hold, then this setup may become invalidated.
We've gotten a little bit away from tenkan sen here which leads me to believe we'll probably get a drawback to the kumo or tenkan sen soon.
I am looking for that drawback and support to hold for a chance to get back long.
With the news of the Drone attacks on Saudi oil sites, this may gap down and get us a good entry to start off the week.
I've drawn out my major Take Profit level at price structure highs, as well as several partial take profit levels to aim for along the way.
If we fail to get a drawback or support doesn't hold, then this setup may become invalidated.