The808Trader

GBP Swing Trade - GBP/USD Ichimoku Long Trade Setup

Long
FX:GBPUSD   British Pound / U.S. Dollar
The USD found some strength last week before bouncing off support back up into the kumo. We may finally see the USD weakness we've been waiting for as we get closer to FED rate cuts. I am looking for a kumo breakout to enter a long position back up to price structure highs from a few weeks ago. I've also drawn out some partial profit levels we can aim for along the way if we get our entry. If we fail to get the kumo breakout and form a bullish trend, this setup may come invalidated.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.