Kumo Breakout: Long EURCAD (30 mins)
This is a day trading strategy technique.
Sell conditions:
1) Bearish kumo breakout + Bearish TKX (a bearish future kumo/ chikou < price are not required)
2) Price < 200 EMA
3) Check for good R:R
4) SL at Senkou span B.
5) TP at nearest support.
6) Trail SL using Senkou span B.
7) Consider exiting the position if we see a bullish TKX.
Sell conditions:
1) Bearish kumo breakout + Bearish TKX (a bearish future kumo/ chikou < price are not required)
2) Price < 200 EMA
3) Check for good R:R
4) SL at Senkou span B.
5) TP at nearest support.
6) Trail SL using Senkou span B.
7) Consider exiting the position if we see a bullish TKX.
Trade active:
TP 1 hit.
Risk free trade by trailing SL.
Risk free trade by trailing SL.
Trade closed manually:
Bullish TK cross + Chikou > price + Price > Kijun