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EUR/AUD Drawback Ichimoku Setup
Euro / Australian Dollar
Long
EUR/AUD Drawback Ichimoku Setup
By The808Trader
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Feb 23, 2020
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Feb 23, 2020
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.
Bullish Patterns
Chart Patterns
EURAUD
euraudanalysis
euraudlong
Ichimoku Cloud
ichimokuforex
ichimokukinkohyo
Technical Indicators
the808trader
Trend Analysis
The808Trader
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