Euro has been rising for a while now and we're close to actually establishing a longer term ichimoku bullish trend now.
We closing in on the kumo twist, chikou span is already above price and free, and tenkan/kijun are in a bullish formation.
I am look for a drop back down to the kumo and support to hold for a chance to get into a longer term swing trade to the upside.
There is also a flat portion of the kumo to the right of price where we may see support try and test first as well.
If we fail to get a good drawback, or form support, then this setup may become invalidated.
We closing in on the kumo twist, chikou span is already above price and free, and tenkan/kijun are in a bullish formation.
I am look for a drop back down to the kumo and support to hold for a chance to get into a longer term swing trade to the upside.
There is also a flat portion of the kumo to the right of price where we may see support try and test first as well.
If we fail to get a good drawback, or form support, then this setup may become invalidated.