Daily and Monthly are in downtrends.
Cloud Breakout requirements:
1. Have a Cloud breakout.
2. Have a TK cross
3. Have a Kumo Twist.
4. The Chikou is below price
** At the Daily Kejun Sen 1.4948 (Blue line), need a close below it
Entry = Close f Candle below Daily Kejun Sen 1.4948 (Blue line)
Stop 10 pips (+2 for spread) above the Senkou A
PT = 1.4720
Cloud Breakout requirements:
1. Have a Cloud breakout.
2. Have a TK cross
3. Have a Kumo Twist.
4. The Chikou is below price
** At the Daily Kejun Sen 1.4948 (Blue line), need a close below it
Entry = Close f Candle below Daily Kejun Sen 1.4948 (Blue line)
Stop 10 pips (+2 for spread) above the Senkou A
PT = 1.4720
Trade active:
Although we gave up roughly 30 pips of profit on unscheduled news, with the going up 60 pips in an hour, it has since settled back down and is consolidating around the Entry of 1.4945. I still like this to move down as the Daily candle closed down forming an Evening star.
Trade closed manually:
Trade Closed flat.