GBPUSD, 19/08/15 @07:01 GMT

BUY@1.5695 SL@1.5639 TP@1.5977 ………OR……..

SELL@1.5636 SL@1.5678 TP@1.5419

Monitor the pair from H1 Time-Frame. Before you BUY you must see :

1. a bullish candlestick closing above Upper Bollinger Band
2. Tenkan Sen going UP
3. Median Bollinger Band going UP
4. Chikou Span having crossed above past price action going UP
5. Kijun Sen going UP (it’s flat now)
6. Stochastics going UP
7. Edges of Upper/Lower BBands turned outwards forming a FUNNEL

Before you SELL you must see :

1. a bearish candlestick closing below Kijun Sen
2. Tenkan Sen having Crossed below Kijun Sen
3. Chikou Span having crossed below past price action going Down
4. Median Bollinger Band going Down
5. Stochastics going Down
6. Edges of Upper/Lower BBands turned outwards forming a FUNNEL

Bullish SCENARIO looks stronger right now. Monitor the trade from H1 Time-Frame and check it every 1 Hour when a candlestick closes (open candlesticks are invalid)
STAY IN while H1 Candlesticks close above Tenkan Sen. EXIT if one bearish candlestick closes below Tenkan Sen. Trail your SL below Kijun Sen Plateaus.

Apply the same Criteria reversed in case price goes Down and you enter Short (SELL).

Happy pips!

Sofia

Leave a Reply

Your email address will not be published. Required fields are marked *