SELL@118.82 SL@119.89 TP@116.50
Monitor the trade from H4 Time-Frame.
Before you SELL, make sure that a bearish candlestick has closed below Tenkan Sen (ICHIMOKU Red Line), Tenkan Sen and Kijun Sen (ichimoku bLUE lINE)are BOTH Sloping Downwards and Chikou Span (ICHIMOKU Green Line) is going Down below past price action and below past KUMO.
Regarding the Trade’s Management you have two options :
1. You STAY IN while H4 Candlesticks close below Tenkan Sen and EXIT when a Bullish Candlestick closes above Tenkan Sen, trailing your SL above Kijun Sen Plateaus. This is Short/Medium term trading style.
2. You STAY IN while Kijun Sen goes Down and EXIT when price closes above Tenkan Sen and Kijun Sen and both lines Tenkan Sen and Kijun Sen slope UPwards with Chikou Span having crossed above past price action going UP. You Trail your SL above the Upper Border of the KUMO on H4 TF following the “stairs” formed on its surface. This is Long Term Trading Style.