EURJPY, 07/10/15 @15:17 GMT

SELL@134.29 SL@134.90 TP@133.40 (down to 132.56 and next to 127.48) <--- Price Levels are Indicative.


Monitor the pair from H4 Time-Frame.

Before you enter Short (SELL), make sure that :

1. A Bearish H4 Candlestick closes below the KUMO
2. Tenkan Sen (ICHIMOKU Red Line) has crossed below Kijun Sen (ICHIMOKU Blue Line) sloping Down
3. Kijun Sen is sloping Down
4. Chikou Span (ICHIMOKU Green Line moving in the past) has crossed below past price action , below past Tenkan Sen and past Kijun Sen going straight Down
5. The Upper Border of the Bullish Leading KUMO (Senkou Span A) and the Lower Border (Senkou Span B) are converging or even cross giving birth to a Bearish KUMO.
6. Median Bollinger Band is curved DOWNwards
7. Stochastics go DOWN

STAY IN while H4 Candlesticks close below Tenkan Sen. EXIT when a bullish H4 Candlestick closes above Tenkan Sen.

RE-ENTER Short (SELL) when a bearish H4 Candlestick closes below BOT Tenkan Sen and Kijun Sen and BOTH Lines are sloping DOWN.

TRAIL your SL a few pips (15-20) above each new Kijun Sen Plateau.

Happy pips!


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