The808Trader

EUR/GBP - Ichimoku Big Drawback Setup

FX:EURGBP   유로 / 영국 파운드
This is a big drawback play that I've been watching on the daily. We are also headed towards a bullish TK on the 4 hour which leads me to believe we are about to have a major drawback despite our traditional bearish signs here. I am looking for a push up above our current candle, aiming for where our TK cross is taking place right now. If we complete the bullish TK cross on the 4 hour, I believe we will see this TK cross rejection occur, and and the TK formation go back to bullish. This is a drawback setup though, so by nature it is higher risk, so if I enter I'll only be risking 1% of my capital. If we fail to rise above the current candle or form a bullish TK cross on the 4 hour, this setup may become invalidated.

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