MAY 27.2015. Although it's bearish, but wait until 10 bars to see the 1st trend. Length of Bearish = 20 bars (approximate). Unless we want to take the risk.
From 1 to 20 bars in details:
1st -> 10th bars = 1st trend 11th -> 12th bars = Open Position following 1st trend (cut loss/ hit stop loss) 12th -> 13th bars = 2nd trend 14h -> 20th bars = Open Position following 2nd trend
20th > more = might be following 2nd trend, reverse or sideways.
GBPUSD 27 MAY.2015. 13:00/14:00[mt4]/10:00/11:00[tradingview] Counting at "Closed Position" (not open, high or low) from 13th bar to 14th it was DOWN, then the rest would be DOWN until 3-6 bars or more.
SeremoniaFx
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GBPUSD 27 MAY.2015. 13:00/14:00[mt4]/10:00/11:00[tradingview] Counting at "Closed Position" (not open, high or low) from 13th bar to 14th it was UP, then the rest would be UP until 3-6 bars or more.
SeremoniaFx
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From 11th-12th is down, then cut loss. NEXT WAIT UNTIL 13th bar is finished. If from 12th to 13th bar is up/down, then up/down from 14th bar until approximate 3-6 bars or more.
SeremoniaFx
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If from 12th to 13th bar the trend is up, then previous trend would be applied, otherwise reversal might be happened.
SeremoniaFx
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11:00[mt4]/08:00[tradingview], GBPUSD 10 bars up, then 2 bars from now 11th-12th is UP (or cut loss/hit stop loss)