USDJPY, Wednesday 13/04/16 @10:07 GMT

TRENDING PAIR.

MAIN TREND : DOWN

DAILY TF : UPward correction in progress

ENTRY Time-Frame : M30

ENTRY CRITERIA :

M30 TF: After a downward move and a bearish Price/Tenkan Sen Cross, we want to see a bullish M30 Candlestick closing above Tenkan Sen with Tenkan Sen sloping UPwards. Then we switch to M5 Time-Frame.

M5 TF : We want to see a strong Bullish KUMO Breakout with Tenkan Sen and Kijun Sen in proper bullish order going up, both above the KUMO and Chikou Span going UP above past price action and above past KUMO.

SL Placement: Below the KUMO on M5 TF. No SL Trailing.

You either set the trade and forget it, placing your TP@110.62 below KIJUN SEN Plateau on DAILY TF, or monitor the pair from H1 Time-Frame staying in while candlesticks close above Tenkan Sen and EXITING when a bearish H1 Candlestick closes below Tenkan Sen. Alternatively, you STAY IN while KIJUN SEN on H1 TF goes UP and EXIT when price closes below Tenkan Sen and Kijun Sen with Kijun Sen sloping DOWNWARDS.

View VIDEO for details! DON’T PLACE PENDING ORDERS!!!!! Before you Enter, make sure ALL Entry Criteria are met!!! If ONE is missing, STAY OUT!!!!!!

Happy Pips!

Sofia

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