USDJPY, Tuesday, 09/02/16, @11:59 GMT

SELL@114.61 SL@115.48 TP@113.20 (down to 106.57)

Monitor the pair from M15 Time-Frame.

Before you SELL, make sure that :

1. A Bearish M15 Candlestick has closed below the KUMO
2. Tenkan Sen and Kijun Sen are in proper Bearish Order , BOTH sloping DOWNwards and BOTH going below the KUMO
3. Chikou Span has crossed below past price action going straight DOWN
4. Leading KUMO is Bearish with its lower border sharp pointing downwards and its upper border curved/angled downwards
5. Median Bollinger Band is going DOWN
6. Upper/Lower BBANDS Edges are turned OUTwards forming a FUNNEL.
7. Stochastics are going DOWN

If you want to manage the Trade, do that from M15 Time-Frame.

STAY IN while M15 Candlesticks close below Tenkan Sen.

EXIT when a bullish M15 Candlestick closes above Tenkan Sen.

RE-ENTER when a bearish M15 Candlestick closes below BOTH Tenkan Sen and Kijun Sen with Tenkan Sen sloping DOWNwards.

TRAIL your SL 20-30 pips above Kijun Sen Plateaus (flat levels that look like stairs)

Happy pips!

Sofia

Leave a Reply

Your email address will not be published.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