EURUSD : Market’s Overview

EURUSD : if you are already in SHORT, stay there and be patient as a rock, making sure your SL is at an immune level. If you are looking to enter now, H4 is your Time Frame. Before you SELL, make sure that :

1. A Bearish Candlestick has closed below Tenkan Sen (ICHIMOKU Red Line)
2. Tenkan Sen is angled Downwards.
3. Kijun Sen (ICHIMOKU Blue Line) is sloping Downwards.
4. Chikou Span (ICHIMOKU Green Line moving in the past) has crossed below past price action going straight DOWN
5. The lower edge of the leading KUMO is sharp pointing DOWNwards
6. The Upper edge of the leading KUMO is curved/sloping downwards.

Place your SL at 1.1198 inside the body of the KUMO hanging above the price, trail it a few pips above each new Kijun Sen Plateau. STAY IN while H4 Candlesticks close below Tenkan Sen. EXIT when a bullish H4 Candlestick closes above Tenkan Sen. Place your TP Target at 1.1029 although price may go down to 1.0964 in one shot.

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