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The808Trader

USD Rebound Time? - Ichimoku USD/CHF Trade Setup

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
The808Trader  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators USDCHF usdchfanalysis usdchflong Ichimoku Cloud ichimokukinkohyo Bullish Patterns USD the808trader
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trendanalysis chartpattern indicator usdchf usdchfanalysis usdchflong ichimokuclouds ichimokukinkohyo bullish usd the808trader
We made some money on the down trend, now it's time to see if we can capitalize on a potential bullish move back up. We just had a bullish kumo breakout, we have a bullish kumo twist, and all signs look bullish right now. I'd like to see one more drop to the flat kumo to test support to get long, which is where I've drawn my potential entry. Ideally we'd form another good support candle as a good signal for a buy. As an alternative we can also buy if we break up above the last two candles. If we fail to break higher, or fall to and hold at support, this setup may become invalidated.
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