GBPUSD, 21/08/15 @08:43 GMT

WAIT for a Downward Correction on H1 Time-Frame. You must see the following before you BUY:

1. a Bearih H1 Candlestick CLOSE below Tenkan Sen
2. possibly a Downward Move
3. a Strong Bullish H1 Candlestick CLOSE above Tenkan Sen
4. Tenkan Sen sloping UPWARDS <--- If Tenkan Sen is flat, WAIT! That may happen at 1.5696 price level (this is hypothetical....see the Criteria above) Place your SL a few pips below Kijun Sen plateau @1.5660 (it may be a bit higher) and trail it a few pips below each new Kijun Sen Plateau. STAY IN while H1 Candlesticks close above Tenkan Sen. EXIT when a Bearish H1 Candlestick closes below Tenkan Sen. TP can be placed at 1.5987 just below the Upper Bollinger Band on Weekly TF.

Happy pips!


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