Tactical_Trading_Signals

Tenkan Bounce: Long NZDCHF (M30)

Long
OANDA:NZDCHF   NZD/CHF
Daily Chart: Bullish Kijun cross
H4 Chart: All Ichimoku signs are bullish

We can enter a long trade based on the closing price of the previous daily candle that crossed the Kijun. However, if we had missed it, M30 provides another entry opportunity.

M30: Tenkan bounce
Buy conditions:
1) A bullish hammer is sitting on Tenkan sen.
2) Price has bounced off the Tenkan sen at least twice.
3) Price > 200 EMA which is pointing upwards
4) SL is set at Senkou span B and we will be using it as a trailing SL.
5) Exit the position using any of the Ichimoku strategies.
Trade active: Risk free trade.