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The808Trader

Further GBP Push? - GBP/NZD Ichimoku Drawback Setup

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
The808Trader  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators GBPNZD gbpnzdlong Bullish Patterns Ichimoku Cloud the808trader ichimokukinkohyo ichimokuforex
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trendanalysis chartpattern indicator gbpnzd gbpnzdlong bullish ichimokuclouds the808trader ichimokukinkohyo ichimokuforex
This pair steadily rose last week forming some new price structure support along the way. We are currently in a drawback testing that support and i am looking for a chance to get long if we show signs of that support holding. I've drawn a potential buy entry I'm watching at our kijun sen and a previous structure support level. If we form a support candle or show signs of that support holding, I will get long. I've drawn out my target which is our recent price structure high, as well as a few partial profit levels to aim for along the way. If we fail to get a further drawback, or if support doesn't hold, this setup may become invalidated.
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