USD/JPY Long Chance - Ichimoku Buy Opportunity
This is a pretty simple drawback setup that I have my eye on going into this upcoming week.
We've started to break tenkan sen support so I am looking for a drop down to kijun sen for a chance to get long.
Usually I am looking for a good wick to form through kijun sen with the body of the candle closing above it, but I will be watching all price interaction in the case of a fall to support.
We have a pretty good risk to reward ratio here and some price structure levels to aim for along the way.
If we reach recent price structure highs, I will leave some of the position to run as long as there are bullish confirmations.
If our confirmations change or we fail to get a good entry, this setup may become invalidated.
We've started to break tenkan sen support so I am looking for a drop down to kijun sen for a chance to get long.
Usually I am looking for a good wick to form through kijun sen with the body of the candle closing above it, but I will be watching all price interaction in the case of a fall to support.
We have a pretty good risk to reward ratio here and some price structure levels to aim for along the way.
If we reach recent price structure highs, I will leave some of the position to run as long as there are bullish confirmations.
If our confirmations change or we fail to get a good entry, this setup may become invalidated.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.