Euro bullish vs the yen? - Ichimoku EUR/JPY long setup
We've been on a tremendous bullish run with this pair over the last week and a half or so and momentum has slowed a little bit here. I've zoomed into the 1 hour chart to look for a drop near kijun to watch for support to hold. If we see that drop a nice wick forms at support, that will signal another entry to get long in this pair. I've set my TP at the top of previous price structure highs, but I may take partial profit along the way if this setup gets triggered for a long entry. If we fail to get a good drop to support, or if that support does not hold, this setup may become invalidated.
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