GBPUSD, 14/01/16 @12:05 GMT

BUY@1.4518 SL@1.4415 TP@1.4720 …OR…

SELL@1.4410 SL@1.4510 TP@1.4211

Monitor the pair from H4 TF and WAIT patiently for the price to approach Median Bollinger Band and close ABOVE it with Tenkan Sen crossing above Kijun Sen going UP and Chikou Span having crossed above past price action, before you BUY.

WAIT for the UPWARD Move to finish and after you see a Bearish H4 Candlestick closing below Tenkan Sen with Tenkan Sen going Down, SELL.

If you want to trade the UPward Corrective move, do it from M5 Time-Frame, BUYING when a bullish candlestick closes above Tenkan Sen with TS going UP, placing your SL 10pips below Kijun Sen and your TP 10pips below the Median BBAND on H4 TF.

Happy pips!

Sofia

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