EURJPY, 30/11/15 @13:58 GMT

BUY@130.54 SL@129.75 TP@132.66

Monitor the pair from H4 Time Frame.

Before you BUY, make sure that a Bullish H4 Candlestick has closed above Upper Bollinger Band, Median Bollinger Band is curved UPwards, Upper and Lower Bollinger Bands Edges are turned outwards forming a FUNNEL, Tenkan Sen has crossed above Kijun Sen sloping UPwards and Kijun Sen is going UP too. You also want to see Chikou Span having crossed above past price action going UP , Stochastics going UP and leading KUMO showing Bearish Momentum decreasing with Upper/Lower Borders converging.

You can either set the trade and leave it alone is you can tolerate almost 80pips Risk going for 200pips Reward, or you can manage from H4 Time Frame if you are more risky or from H1 TF if you are more conservative, staying in while candlesticks close above Tenkan Sen, exit when a bearish candlestick closes below Tenkan Sen, re-enter when a bullish candlestick closes above both Tenkan Sen and Kijun Sen with Tenkan Sen sloping UPwards and trailing your SL 20pips below each new Kijun Sen Plateau.

Happy pips!

Sofia

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