GOLD (XAUUSD), 01/10/15 @06:18GMT

SELL@1112.95 SL@1115.85 TP@1105.21 (down to 1091.93 and even 1073.41)

Monitor the pair from M30 Time-Frame.

Before you SELL, make sure that a bearish candlestick has closed below both Tenkan Sen and Kijun Sen with BOTH Lines Sloping DOWNwards and Chikou Span having crossed below past price action going DOWN.

STAY IN while M30 Candlesticks close below Tenkan Sen. EXIT when a Bullish M30 Candlestick closes above Tenkan Sen. TRAIL your SL a few pips above Kijun Sen PLATEAUS. If you are stopped out and want to RE-ENTER, make sure a bearish candlestick has closed below BOTH Tenkan Sen and Kijun Sen and BOTH Lines slope DOWNwards, so that you enter with Bearish momentum.

Happy pips!


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