BUY@138.60 SL@138.10 TP@141.31 …..OR…..
SELL@138.10 SL@138.60 TP@137.53
Monitor the Pair from H1 Time-Frame where we see a very narrow BOTTLENECK formed by the Bollinger Bands after the Consolidation of the price for a while. We expect a Breakout which will make the edges of the Upper and Lower BBands turned outwards forming a FUNNEL.
BUY only if you see a strong bullish candlestick CLOSING above the Upper BBand, with Median BBand and Tenkan Sen going UP, Chikou Span going UP above past price action, Stochastics going UP and if you see a FUNNEL.
SELL if you see a strong Bearish Candlestick CLOSING below Lower BBand, Tenkan Sen and Median BBand going Down, Chikou Span having crossed below past price action going Down, Stochastics going Down and if you also see a FUNNEL.