EURUSD , 20/07/15 @15:07 GMT

Price wants to make an Upward Correction before continuing its Fall. I suggest you IGNORE the UPWARD move and WAIT to position yourself SHORT as soon as the price continues falling.

BUY@1.891 SL@1.0863 TP@1.0945 …..or……….

SELL@1.0833 SL@1.0861 TP@1.0575

Monitor the pair from M30 and if all your BUY criteria are met, make sure price is moving ABOVE Median BBand on H4 TF before you Enter. Stay In while candlesticks close above Tenkan Sen, EXIT if one candlestick closes below Tenkan Sen on M30TF.

Enter SHORT (SELL) from M30 TF if ALL your Entry criteria are met :

1. Price closes below Tenkan Sen
2. Tenkan Sen goes DOWN
3. Median BBand goes DOWN
4. Stochastics go DOWN
5. Chikou Span has crossed below past price action going DOWN

Trail your SL a few pips above Kijun Sen on M30 TF.
STAY IN if candlesticks close below Tenkan Sen.
EXIT if one candlestick closes above Tenkan Sen.

Happy pips!

Sofia

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