USDJPY, 06/08/15 @12:25 GMT

BUY@124.95 SL@124.67 TP@126.09 ……. or……..

SELL@124.67 SL@124.94 TP@123.93

Monitor the pair from H1 Time-Frame where we see Bollinger Bands having formed a narrow BOTTLENECK and we expect a Breakout with Upper and Lower BBands’ edges turned outwards forming a FUNNEL.

BUY only if all the following criteria are met :

1. Bullish Candlestick closes above UPPER BBand.

2. Tenkan Sen goes UP

3. Median BBand goes UP

4. Stochastics go UP

5. Chikou Span moves above past price action going UP

6. Kijun Sen goes UP

7. FUNNEL has opened.

SELL only if all the following criteria are met :

1. Bearish Candlestick closes below LOWER BBand.

2. Tenkan Sen goes DOWN

3. Median BBand goes DOWN

4. Stochastics go DOWN

5. Chikou Span crosses below past price action going DOWN

6. Kijun Sen goes DOWN

7. FUNNEL has opened.

Stay in LONG while candlesticks close ABOVE Tenkan Sen , EXIT when a bearish candlestick closes below Tenkan Sen.

Stay in SHORT while candlesticks close BELOW Tenkan Sen, EXIT when a bullish candlestick closes above Tenkan Sen.

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Your email address will not be published.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.