candle was closed above Senkou B. Probably we have a breakout and a signal for opening long trades. But we don't have confirmation from DMI
. It's better to trade breakouts with rising ADX
above 20. But if the market decides to move higher and start new up trend, we have an entry level for long trades. Open long above 116.35. At the same time we can think about short trades. DMI
confirms range market conditions. If we have a bearish
candle with the close price below Senkou B, we'll have a signal for opening short trades below 114.95.
The trading idea is based on Sunrise Trading Strategy.