SELL@134.36 SL@135.38 TP@133.14 (down to 129.95) ….OR…

BUY@135.42 SL@134.52 TP@136.92

Monitor the pair from H4 Time-Frame.

Before you SELL, make sure that :

1. A Bearish H4 Candlestick closes below Lower Bollinger Band.
2. Median Bollinger Band goes DOWN.
3. Tenkan Sen (ICHIMOKU Red Line) is angled DOWNwards
4. Kijun Sen (ICHIMOKU Blue Line) is sloping DOWNwards
5. Chikou Span (ICHIMOKU Green Line) has crossed below past price action going DOWNwards
6. Stochastics go DOWN
7. The Lower Border of the leading KUMO is sharp pointing DOWNwards
8. The Upper Border of the leading KUMO is curved/sloping DOWNwards

STAY IN while H4 Candlesticks close below Tenkan Sen. EXIT when a Bullish H4 Candlestick closes above Tenkan Sen. Trail your SL 20pips above Kijun Sen Plateaus. If price closes below the Lower Bollinger Band on Weekly TF, expect a strong DOWNward move til it reaches the Lower Bollinger Band on Monthly and after that level, even a steep fall down to 120.96 price level -yes, you read right, 120.96 – is possible.

Before you BUY, make sure that :

1. A Bullish H4 Candlestick closes above the FLAT TOP of the KUMO.
2. Median Bollinger Band goes UP.
3. Tenkan Sen is going UP.
4. Kijun Sen is going UP.
5. Chikou Span has crossed above past Kijun Sen
6. Stochastics go UP.
7. The Upper Border and the Lower Border of the leading KUMO must be converging or about to cross, showing that Bearish momentum is decreasing and a Bullish KUMO is about to be born.

STAY IN while H4 Candlesticks close above Tenkan Sen. EXIT when a Bearish H4 Candlestick closes below Tenkan Sen. Trail your SL 20pips below Kijun Sen Plateaus.

Happy pips!

Sofia