Can Eur break resistance? - EUR/USD Ichimoku Long Trade Setup
We failed to get our rejection back down last week so I am looking to see if we can break up and through price structure and the kumo to test previous price structure resistance.
It's worth noting that this break should signify a break of kijun sen resistance on the daily chart as well.
If we fail to get this move up started then I'll zoom out to the daily and look for a rejection back to the downside.
I've drawn out some price structure levels to aim for on the way to our price structure target as well.
We'll keep a close watch on how price is moving after market open and see what price is telling us.
If we fail to break higher, then this setup may become invalidated and we'll zoom out to the daily to look for a possible short.
It's worth noting that this break should signify a break of kijun sen resistance on the daily chart as well.
If we fail to get this move up started then I'll zoom out to the daily and look for a rejection back to the downside.
I've drawn out some price structure levels to aim for on the way to our price structure target as well.
We'll keep a close watch on how price is moving after market open and see what price is telling us.
If we fail to break higher, then this setup may become invalidated and we'll zoom out to the daily to look for a possible short.