The808Trader

Kiwi to gain some ground? - NZD/USD Ichimoku Long Trade Setup

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
This pair has held support and moved up in the kumo where price is currently ranging. I am looking for a bullish breakout to enter a long position. I've drawn out a swing target as well as partial take profit levels we can aim for along the way. This trade is currently a bit short on the confirmations I want to see to enter a buy so I am looking for some more bullish confirmations first. For those confirmations I would like to see a bullish kumo twist, a clear bullish TK cross, and a strong bullish breakout at my trigger line. If I can get those then I will buy and monitor as the trade progresses. If we fail to get some of those confirmations, price fails to break higher, or we get rejected, this setup may become invalidated. Patience will be key here!

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