EURUSD, 18/09/15 @13:07 GMT

SELL@1.1403 SL@1.1447 TP@1.1341 <=== Monitor from M30 TF. ...OR...

BUY@1.1453 SL@1.1373 TP@1.1540 (up to 1.1717) <=== Monitor from H1 TF.

If you want to trade the Downward Correction, go to M30 TF and before you SELL, make sure that:
1. a Bearish Candlestick has closed below Median BBand,
2. Tenkan Sen is angled Downwards,
3. Tenkan Sen has crossed below Kijun Sen,
4. Median Bollinger Band is slightly curved Downwards,
5. Chikou Span has crossed below past price action going Down and
6. Stochastics go Down.

STAY IN while M30 Candlesticks close below Tenkan Sen, EXIT when a Bullish M30 Candlestick closes above Tenkan Sen. Trail your SL a few pips above Kijun Sen Plateau.

If you prefer to WAIT for the Down Correction to be over and ride the Uptrend, go to H1 Time-Frame and before you BUY, make sure that :

1. a Bullish candlestick closed above Upper BBand
2. Median BBand is going UP
3. Tenkan Sen is angled UPwards
4. Kijun Sen is sloping UPwards
5. Chikou Span has crossed above past price action going UP
6. the Edges of Upper/Lower BBands are turned outwards forming a FUNNEL
7. Stochastics go UP

Stay IN while H1 Candlesticks close above Tenkan Sen. EXIT when a bearish H1 Candlestick closes below Tenkan Sen. TRAIL your SL a few pips below each Kijun Sen Plateau. If you exit and want to re-Enter, use the same entry criteria.

Happy pips!


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