GBP/USD Rebound - Ichimoku Long Setup
This pair finally broke up and beyond the resistance it's been stuck at.
We're in a nice bullish trend and I'm looking for a good entry to try and get long.
I've drawn out this setup expecting a drawback to test our previous resistance level which could now act as support.
When you trade ichimoku the concept is pretty simple, wait for a trend to establish, then look for a good place to get into.
From a high level that's all I'm looking to do in all trades, including this one.
I've drawn out some partial profit levels to look for if we can indeed get a drawback and good entry.
If support fails to hold, or if our bullish confirmations change, this setup may become invalidated.
We're in a nice bullish trend and I'm looking for a good entry to try and get long.
I've drawn out this setup expecting a drawback to test our previous resistance level which could now act as support.
When you trade ichimoku the concept is pretty simple, wait for a trend to establish, then look for a good place to get into.
From a high level that's all I'm looking to do in all trades, including this one.
I've drawn out some partial profit levels to look for if we can indeed get a drawback and good entry.
If support fails to hold, or if our bullish confirmations change, this setup may become invalidated.