EUR/AUD Drawback Ichimoku Setup
This pair broke through resitance and the kumo last week to start a bullish run.
We have a bullish kumo continuing to form and chikou span is above price and clear.
I am looking for a drawback to previous price structure and kumo resistance to now act as support.
If we can get the drawback to the entry level I've drawn and show signs of support, I'll get long.
I'm targeting overall price structure highs to the left of the screen, and I've drawn out several partial take profit levels to aim for along the way.
If we fail to get the drawback, support doesn't hold, or our bullish confirmations change, this setup may become invalidated.
We have a bullish kumo continuing to form and chikou span is above price and clear.
I am looking for a drawback to previous price structure and kumo resistance to now act as support.
If we can get the drawback to the entry level I've drawn and show signs of support, I'll get long.
I'm targeting overall price structure highs to the left of the screen, and I've drawn out several partial take profit levels to aim for along the way.
If we fail to get the drawback, support doesn't hold, or our bullish confirmations change, this setup may become invalidated.
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