The808Trader
Long

USD coming back? - Ichimoku USD/JPY Long Trade Setup

FX:USDJPY   U.S. Dollar / Japanese Yen
We got an overall rise last week but are having a hard time getting passed some price structure resistance . While signs are shifting to bullish , I want to see that level broken to qualify an entry. This will probably be a good candidate for a buy stop so we don't have to sit and watch it. As an alternative we can also look at entering a buy at a confirmed kumo breakout. I've drawn out some partial take profit levels to aim for if we end up entering, but as always I will let some of my position run as long as the trend remains valid. If we fail to get the break of price structure or the kumo breakout, this setup may become invalidated.
great setup.. cudnt agree more
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The808Trader No-Emotion-Fx
@No-Emotion-Fx, thanks!
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