USDCAD, 17/08/15 @18:08 GMT

On H1 Time-Frame WAIT for the price to break below the KUMO at 1.3017 level. When that happens, go down to M30 Time-Frame and WAIT PATIENTLY till you see a valid UPward Correction with one Bullish Candlestick closing above Tenkan Sen. Then probably an UP Move will follow. WAIT for the UP Move to finish. When a strong bearish candlestick closes below Tenkan Sen with Tenkan Sen going DOWN, SELL.

Place your SL above the body of the KUMO or a few pips above Kijun Sen Plateau, whichever is safer. Trail it only when price falls lower as much as needed so you can trail SL above Kijun Sen plateau on H1 Time-Frame. Monitor the trade from H1 TF and stay in while candlesticks close below Tenkan Sen on H1 TF. EXIT when a bullish candlestick closes above Tenkan Sen.

Happy pips!

Sofia

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