In the 4H chart Tenkan Sen crossed above the Kijun Sen, it is a bullish signal. Because, this type of buy signal occurred above the Kumo (cloud) we can be confident that it is a strong bullish signal.
An order should be placed once the Kumo (cloud) has been crossed by Chikou.
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
MACD+DI is showing a confirmation of the buy signal (last green point).
The RSI is currently above 50. It is an indication of a bullish market.
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Buy: As explained above. ~ 0.00002813
Take-profit: You are free to decide, but avoid greed.
Stop-loss: ~ 0.00002204
An order should be placed once the Kumo (cloud) has been crossed by Chikou.
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
MACD+DI is showing a confirmation of the buy signal (last green point).
The RSI is currently above 50. It is an indication of a bullish market.
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Buy: As explained above. ~ 0.00002813
Take-profit: You are free to decide, but avoid greed.
Stop-loss: ~ 0.00002204
Comment:
The confirmation of the buy signal by Chikou is taking a time
Trade closed manually:
Closed with 15% profit.
Congratulations!
Congratulations!