GBP to Hold? - GBP/JPY Ichimoku Long Trade
We ended up generally rallying after a dip at the beginning of last week.
I am now watching for a drop down to the kumo to look for an ideal chance to enter a buy.
We have a bullish kumo and some strong support down near the flat kumo area where I've drawn my possible entry line.
In order to enter a buy I'll want to see some good support form to help confirm it's time to rise again.
If we fail to hold support there or if we don't get the drop down to a key support level, this setup may become invalidated.
I am now watching for a drop down to the kumo to look for an ideal chance to enter a buy.
We have a bullish kumo and some strong support down near the flat kumo area where I've drawn my possible entry line.
In order to enter a buy I'll want to see some good support form to help confirm it's time to rise again.
If we fail to hold support there or if we don't get the drop down to a key support level, this setup may become invalidated.
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