NZD/JPY Time to Rise? - Ichimoku Swing Trade Setup
This pair had a solid kumo breakout last week and I am looking to hop on what could potentially be a longer term trend move.
I am looking for a slight drawback to support for a springboard up and my entry point.
I am targeting the major price structure level I've labeled as well as another past level as my overall target.
As long as this trend holds I will hold some portion of my original entry open (while in profit), and look for new places to entry on the way to the longer term target.
If we fail to maintain a bullish trend or our confirmations change, this setup may become invalidated.
I am looking for a slight drawback to support for a springboard up and my entry point.
I am targeting the major price structure level I've labeled as well as another past level as my overall target.
As long as this trend holds I will hold some portion of my original entry open (while in profit), and look for new places to entry on the way to the longer term target.
If we fail to maintain a bullish trend or our confirmations change, this setup may become invalidated.