USDCAD, 23/10/15 @08:36 GMT

WAIT for the UPward move on H1 Time-Frame to finish!

SELL when a Bearish H1 Candlestick closes below Tenkan Sen and Kijun Sen with BOTH Tenkan Sen and Kijun Sen sloping DOWNwards.

SELL@1.3070 SL@1.3161 TP@1.2855 <---- Price Levels are INDICATIVE!

Monitor the pair from H4 TF and ideally stay cool till price reaches the Lower BBAND on DAILY. I wouldn’t suggest to TRAIL your SL because this pair is notorious for its lethal spikes and crazy fluctuations. But if you want to be conservative and if you are disciplined enough to RE-ENTER after you’ve been stopped out, here are some rules:

STAY IN while H4 Candlesticks close below Tenkan Sen.

EXIT when a bullish H4 Candlestick closes above Tenkan Sen.

TRAIL your SL 25-30pips above each new Kijun Sen Plateau on H4 TF.

Happy pips!

Sofia

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