Ichimoku 'Wave', forming a nice trade entry into a long position. I have added both 'N' and 'V' wave calculations. (of note, trading this pair I have found the Ichimoku 'N' wave to be the most frequent hitting target.
How I trade this set-up
Aggressive - Enter now and place your stop on the 'C' leg (110.254) or bottom of projected Kumo (110.523). (I only trade this on a clear trend).
Conservative - Await for price to break the 'B' leg (111.050) and set your stop on the 'C' Leg (110.254) or on top of Kumo (110.813). If price drops below 'C' leg trade set-up becomes invalid. (My trading style)
When price hits a projected wave target look at price action and see how price is re-acting to that level. The five lines of Ichimoku will help.
Any conversation around this Ichimoku set-up is greatly welcomed. Please note there is no time frame as to when price hit's these levels, my last trade, took three days to hit my target. Potential Trade stay valid whilst price fluctuates between B - C 'I' Wave.
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