The808Trader

EUR/NZD - Ichimou Drawback Setup

Long
FX:EURNZD   Euro / New Zealand Dollar
If you're in the membership you'll recognize this setup from last week. We are looking at a drawback or early reversal setup with EUR/NZD. This is why we're watching on the 1 hour for a possible buy entry upon a breakout. My target is tenken sen on the daily but we may need to adjust the TP as tenken sen moves on the daily chart. If we fail to break up bullishly out of the kumo, this setup will become invalidated.

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