GBPUSD, 08/10/15 @12:14 GMT

SELL@1.5208 SL@1.5277 TP@1.5120 (down to 1.4883 even to 1.4636) <--- Prices are INDICATIVE.


Before you SELL make sure that :

1. A Bearish H4 Candlestick has closed below BOTH tenkan Sen and Kijun Sen
2. BOTH Tenkan Sen and Kijun Sen are sloping DOWN
3. Chikou Span has crossed below past price action, past Tenkan Sen and past Kijun Sen going DOWN
4. The Edge of the leading KUMO either shows a Senkou Span A/B Bearish Crossover which means the Bullish KUMO has gradually become thinner and finally replaced by a Bearish KUMO, or if a Bearish KUMO has been born, its Lower Edge must be sharp pointing DOWN and its upper edge either curved or sloping DOWN.

If ONE Criterion is not met, WAIT!

Once in, 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 Kijun Sen Plateaus.

If you are stopped out, RE-ENTER Short (SELL) when a strong Bearish H4 Candlestick closes below BOTH Tenkan Sen and Kijun Sen and BOTH Lines slope DOWN.

Happy pips!


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