EURAUD Bump n Run

FX:EURAUD   Euro / Australian Dollar
248 3 1
EDIT: Trade is now confirmed and in play. This is a possible 900 pip extended move. If you're not in. Wait for a pullback to the Tenkan-sen on a lower time frame. As always beware of a major pullback on the daily. A good chance to catch some short pips on a kumo break or kijun-sen cross on H1 or H4.

EDIT: Time frame extended.

Bullish bump and run in play.
Entry on confirmation by crossing trendline .

Beware the pullback. just after crossing the trendline before continuing

Time frame for this trade is long. 30-80 days.
T1: is 1.26ish area.
Main Target is 1.336

*note market will go wherever it wants.

Ichimoku analysis.
Daily price has been rejected off the Tenkan-sen.
Price action has formed a bearish engulfing pattern but until confirmed. It is invalid and the bump and run is in play.

Kumo has a bullish twist while the chikou is in the cloud but is above price.

Weak Bullish TK             cross from August 16-17
Quick update on this. It's all bullish. Price above Kumo, Kijun-sen and Tenkan-sen. Chikou-span above price and the kumo.
I like that - "*note market will go wherever it wants." Well said!
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