EURUSD, 16/07/15 @11:07 GMT

SELL@1.0900 SL@1.0952 TP@1.0571 (down to 1.0300)

Monitor the pair from M30 Time-Frame and WAIT patiently for a valid upward correction with a candlestick CLOSING above Tenkan Sen (ICHIMOKU Red Line). Then WAIT for the upward move to finish and SELL after a candlestick CLOSES below Tenkan Sen with Tenkan Sen going DOWN .

Trail your SL a few pips above Kijun Sen and monitor the trade from M30 till your SL can be placed a few pips above Kijun Sen on H1 TF. STAY IN while candlesticks close below Tenkan Sen. EXIT when a Bullish candlestick CLOSES above Tenkan Sen.

Happy pips!

Sofia

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