GBPUSD, 13/08/15 @08:43 GMT

WAIT on H1 Time-Frame for the Downward move to finish and BUY when you see a Strong Bullish Candlestick CLOSING above Tenkan Sen with TS going UP ideally having crossed above Kijun Sen. Place your SL below recent Kijun Sen Plateau and trail it below each new Kijun Sen Plateau. STAY IN while H1 Candlesticks close above Tenkan Sen. EXIT when a Bearish Candlestick closes below TS. Price will try to reach the Kijun Sen level on Monthly TF at 1.5878

If you want to trade the Downward Correction, switch to M15 Time-Frame, SELL@1.5610 , SL@1.5635 , TP@1.5578 (down to 1.5546) Trail your SL above Kjun Sen plateaus on M15 TF, stay in while candlesticks close below Tenkan Sen, EXIT when a bullish Candlestick closes above Tenkan Sen.

Happy pips!


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