ChaosTrader63
Long

EUR vs AUD Possible H4 Kumo Breakout 7-19-16

FX:EURAUD   Euro Fx/Australian Dollar
Looking at the EUR vs AUD H4 we see that price has attempted a Kumo Breakout previously but failed as the future Kumo was still dark. We have since had a bright future indicating more sun on the way.Look at the structure and you will notice we are breaking bull fractals om H4 indicating bullish structure. If price violates the Kumo I would be looking to take the long position as all Ichimoku signals are bullish . The daily is where we get our main bias for the market and based on the daily we are still overall bearish indicating that at this time we would be trading a correction possibly back to equilibrium as the market attempts to attack the Daily Kijun level as shown. Prior to the Daily Kijun we do have a Daily Fractal resistance point which is a strong zone to short based on daily time frame so we do need to violate that fractal level at 1.47963, Remember a breakout is not a breakout until the candle closes! You can never get a jump on the market so it's best to be patient and wait for the full story when the candle closes. Good luck if you enter and God bless!

ChaosTrader63 Managing Director & Trading Coach
http://www.fxatoneglance.com - Look At The Financial World With A New Glance
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It might have closed above the kumo but it's struggling hard against this trendline.. I'm long since 1.45 and had a way higher target but now I'm wondering if I should close it manually and settle with what I made until here.

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