USDCAD, 10/08/15 @17:42 GMT

SELL@1.3060 SL@1.3097 TP@1.2888

Monitor the pair from M15 Time-Frame. WAIT PATIENTLY for an upward Valid Correction. You want to see a Bullish Candlestick Closing Above Tenkan Sen (ICHIMOKU Red Line) and then possibly an upward move to follow. Enter SHORT (SELL) only after the Correction when you see a Strong Bearish Candlestick Closing Below Tenkan Sen with Tenkan Sen going DOWN.

Place your SL a few pips above the last Kijun Sen Plateau and trail it above each new Kijun Sen Plateau when a lower one is forming. Stay in while candlesticks close below Tenkan Sen. Exit when a bullish candlestick closes above Tenkan Sen. Re-Enter when a strong Bearish Candlestick closes below Tenkan Sen and Tenkan Sen goes DOWN.

Happy pips!


Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.