Breakout Trade - Ichimoku AUD/JPY Trade Setup

28 juil. 2019

This pair has been range bound for well over a week before it finally broke out of that zone at the end of last week. I've drawn this zone out with yellow lines and labed it, to make it easier to see. Typically when we get a breakout of a longer term range bound zone like that, we end up having a drawback to it to re-test the edge of the zone as resistance. That's where I've drawn my entry level at. However, I will need to see the drawback and a good rejection candle in that area to confirm my sell. As an alternative we can also look to sell on a break below the last two candles. If either of these scenarios fail to play out, this setup may become invalidated.

3 août 2019

Note

Absolutely crush this one, profit still running