GBP/USD - Ichimoku Kijun Bounce Setup

16 ก.ย. 2018

With the Brexit news last week we saw a resilient GBP rise to new recent highs. I am looking to see if we can snag a buy at kijun support. We've tested kijun once since our initial breakout on the chart last week, so I'll be watching to see if we do the same here. If we can hold support at kijun with a strong rejection, then I'll look for a buy every as shown in this setup. I'm targeting previous structure high as my TP, but I may hold partial position longer as long as we continue to make higher highs and higher lows. If we fail to hold support at kijun or our bullish sings change, this setup may become invalidated, so it will take some patience to look for a good entry.