BUY@1.0640 SL@1.0588 TP@1.0821

Bollinger Bands have formed a BOTTLENECK and we expect to see a FUNNEL, most possibly a BULLISH one because the leading KUMO is FLAT.

Before you BUY, make sure that :

1. A Bullish H1 Candlestick closes above the Upper BBAND and above the KUMO.
2. Median Bollinger Band goes UP
3. Upper/Lower BBANDS Edges are turned outwards forming a FUNNEL
4. Tenkan Sen (ICHIMOKU Red Line) has crossed above Kijun Sen (Blue Line) with BOTH Lines sloping UPwards.
5. Chikou Span (ICHIMOKU Green Line moving in the past) has crossed above past price action and above past Tenkan Sen and Kijun Sen going straight UP.
6. Leading KUMO shows bearish momentum decreasing or a Bullish Senkou Span A/B Cross has given birth to a Bullish KUMO
7. Stochastics go UP.

STAY IN while H1 Candlesticks close above Tenkan Sen (red line). EXIT when a Bearish H1 Candlestick closes below Tenkan Sen. RE-ENTER when a Bullish H1 Candlestick closes above BOTH Tenkan Sen and Kijun Sen with at least Tenkan Sen sloping UPwards. TRAIL your SL 20pips below each Kijun Sen (blue line) Plateau (FLAT Level).

Happy pips!

Sofia

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