Aussie Ready for a Run? - Ichimoku AUD/CAD Long Setup
This pair is going to have to develop still but if we get the final confirmations it could still be worth the wait. What are those confirmations? Well there's a few I want to see. I want to see the kumo twist to start with, which looks like we should get here as price has been holding higher and the kumo cloud is starting to thin out. We are in a bullish TK formation currently and chikou span is above price and free, so the only other major confirmation I wan tot see is a kumo breakout. I've place my entry at the the flat kumo which is the level I wan to see broken to enter a long position. Now, if we look left of price we see that there has been a range of price we have been stuck in, so I want to be careful with how far out I am setting my longer term take profit. So, I've set several partial take profit levels along the way to my longer term Take Profit you'll see drawn out as horizontal blue lines. As long as my trade get's triggered I'll look to remove some profit off the table at those levels and continue to let the rest run.
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