Euro on steady ground? - Ichimoku EUR/JPY Long Trade Setup
If you were in the coaching call yesterday then this setup will look familiar to you. We rose steadily last week before finding some resistance here at the top of the kumo. I am looking for a springboard move off tenken sen and the kumo as a confirmation for a long entry. In the coaching call I mentioned a more conservative entry would be just above the wicks of where we've been getting rejected, so we do have multiple ways to approach this setup. I've set this one a little lower for a little better risk to reward and to be closer to our stop loss right below kijun sen. If we fail to break higher or hold support, this setup may become invalidated.
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