EURUSD, 28/10/15 @16:29 GMT

BUY@1.1104 SL@1.1000 TP@1.1225 FOLLOW THE CRITERIA!

SELL@1.1000 SL@1.1097 TP@1.0832 FOLLOW THE CRITERIA!

Monitor the pair from H4 Time Frame where a “BOTTLENECK & FUNNEL” Pattern is in Progress.

Before you BUY, make sure that :

1. A Bullish H4 Candlestick closes above the Upper Bollinger Band
2. Median Bollinger Band is curved UPwards forming a KNEE
3. Upper/Lower BBANDS Edges are turned outwards forming a FUNNEL
4. Tenkan Sen (ICHIMOKU Red Line) and Kijun Sen (ICHIMOKU Blue Line) are BOTH sloping UPwards
5. Chikou Span (ICHIMOKU Green Line) has crossed above past price action going straight UP
6. The Edge of the leading KUMO shows Bearish Momentum decreasing with Senkou Span A/B converging
7. Stochastics go UP

STAY IN while H4 Candlesticks close above Tenkan Sen.

EXIT when a Bearish H4 Candlestick closes below Tenkan Sen.

TRAIL your SL 15-20pips below each new Kijun Sen Plateau, although I’d rather keep it fixed to its initial position till my TP gets hit.

Before you SELL, make sure that :

1. A Bearish H4 Candlestick closes below the Lower Bollinger Band
2. Median Bollinger Band is curved DOWNwards forming a KNEE
3. Upper/Lower BBANDS Edges are turned outwards forming a FUNNEL
4. Tenkan Sen (ICHIMOKU Red Line) and Kijun Sen (ICHIMOKU Blue Line) are BOTH sloping DOWNwards
5. Chikou Span (ICHIMOKU Green Line) has touched past price and crossed below it going straight DOWN
6. The Edge of the leading KUMO shows Bearish Momentum increasing with lower border being sharp pointing DOWNwards and Upper Border being curved/sloping DOWNwards
7. Stochastics go DOWN

STAY IN while H4 Candlesticks close below Tenkan Sen.

EXIT when a Bullish H4 Candlestick closes above Tenkan Sen.

TRAIL your SL 15-20pips above each new Kijun Sen Plateau.

Happy pips!

Sofia

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