Ichimoku 'Wave', forming a nice trade entry into a short position. I have only calculated the 'N' wave. (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 (this is my classic way of trading this set-up)
Conservative - Enter now as price has already pasted the 'B' leg (109.749) and set your stop on the 'C' Leg (110.080). If price drops above 'C' leg trade set-up becomes invalid.
Target is 'N' Wave - 109.000
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 stays valid whilst price fluctuates between B - C ('I' Wave).
Good Luck ;)