The808Trader

GBP/AUD - Ichimoku Buy Setup

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FX:GBPAUD   Libra Esterlina/Dólar Australiano
We've been moving pretty sideways here as price has been consolidating. We've held support despite a bearish TK cross so I am looking for a breakout of these current strings of candles to look for a buy entry. I've made my target previous structure highs, but I may hold partial position longer as long as we get the breakout I'm looking for. If we get this bullish TK I am waiting on we could see a big move to the upside. If we fail to get the bullish TK cross or to break higher, this setup may become invalidated.

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