The808Trader

GBP/AUD Ichimoku Long Trade Setup

Long
FX:GBPAUD   British Pound / Australian Dollar
This is a little bit of a longer term move I'm watching.

I'm looking for a bullish breakout for a chance to get long.

We'll have to keep an eye on this as it progresses as it's still just an idea and needs to develop a little more.

If chikou span falls below price then this may move back to bearish and we can shift our bias.

If we do get our bullish breakout I've drawn out a few potential partial take profit levels to aim for on the way to the overall target.

If we fail to get the bullish breakout, this setup will become 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.