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The808Trader
Mar 8, 2020 10:26 PM

More GBP Strength? - GBP/USD Ichimoku Long Trade Setup Long

British Pound/U.S. DollarFXCM

Description

We've got a little bit of a gap up here and I'm looking for a chance to buy on a slight drop.

I've drawn my entry line at a potential support area that I'm looking for a drop to as well as support to hold to help confirm it's time to keep buying this pair.

You can see my price structure that I'm setting as a take profit left on the left side of the screen.

I'm setting my potential stop loss down at a flat kumo level that's acted as resistance in the past.

If we fail to drop and hold support, this setup may become invalidated. 
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