BUY@0.7243 SL@07163 TP@0.7442 ….OR….
SELL@0.7159 SL@0.7241 TP@0.6965
Monitor the pair from H4 Time-Frame where we see Bollinger Bands forming a BOTTLENECK right now.
BUY Scenario is more possible but in any case, make sure FUNNEL has opened, Median BBAND is curved to the direction of the move and all ICHIMOKU Elements confirm it, before you Enter. BOTH BUY/SELL Scenarios are giving you a Reward of 200pips with a risk of 80pips. Although you can follow STAY IN /EXIT and SL Trailing Criteria, I suggest you just set your Entry/SL/TP and leave the trade alone. If you want to manage it closely, in case of BUY, Stay IN while H4 Candlesticks close above Tenkan Sen, EXIT when a bearish H4 Candlestick closes below Tenkan Sen. Re-enter when a Bullish H4 Candlestick closes above BOTH Tenkan Sen and Kijun Sen with Tenkan Sen sloping UP. Trail your SL 30pips below each Kijun Sen FLAT Level (Plateau).
In case of SELL Scenario, Stay IN while H4 Candlesticks close below Tenkan Sen, EXIT when a bullish H4 Candlestick closes above Tenkan Sen. Re-enter when a Bearish H4 Candlestick closes below BOTH Tenkan Sen and Kijun Sen with Tenkan Sen sloping DOWN. Trail your SL 30pips above each Kijun Sen FLAT Level (Plateau).
Watch VIDEO for details.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS | More