AUDUSD, 02/09/15 @09:45 GMT

SELL@0.6990 SL@0.7031 TP@0.6737

WAIT for an Upward Corrective move on M5 Time-Frame to finish. If price doesn’t make a Bullish cross above Tenkan Sen on M15 TF, and reverses going down on M5 TF, make sure you see a Bearish Candlestick closing below Tenkan Sen with Tenkan Sen going DOWN and Kijun Sen going DOWN before you SELL from M5 TF. Place your SL above the KUMO, at 0.7031 price level and STAY IN SHORT while price is moving below the KUMO and Kijun Sen goes DOWN. When price closes above Tenkan Sen with BOTH Tenkan Sen and Kijun Sen sloping UPwards, EXIT or switch to M15 and consider staying in and monitoring the trade from there if Kijun Sen is going DOWN there, trailing your SL above KUMO on M15 TF.

Your goal is to gradually switch to higher Time-Frame till you join the Downtrend from H4 TF or ideally from DAILY.

Happy pips!


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.