More GBP Strength?! - Ichimoku GBP/USD Long Trade
This setup is a continuation on our trade from last week that is currently running in profit.
I am looking for a new trade entry to present itself on a drawback to the wicks of previous price structure resistance.
If we get that drawback and support holds, I'll enter my long with the same targets as our previous trade that is currently running.
This drawback may not come right away, we may get a move up to test the line that is across the flat kumo.
So, we'll need to be patient and see how it moves first.
If we fail to get our drawback we can also trade a breakout buy upon a candle close above our flat kumo level at 1.2300. If either of these scenarios fail to play out, this setup may become invalidated.
I am looking for a new trade entry to present itself on a drawback to the wicks of previous price structure resistance.
If we get that drawback and support holds, I'll enter my long with the same targets as our previous trade that is currently running.
This drawback may not come right away, we may get a move up to test the line that is across the flat kumo.
So, we'll need to be patient and see how it moves first.
If we fail to get our drawback we can also trade a breakout buy upon a candle close above our flat kumo level at 1.2300. If either of these scenarios fail to play out, this setup may become invalidated.
Komen:
Looking good for longs here