I have opened a buy at the ma 21 on the 1 hr. The 4 hr is looking like it could make a move higher and the daily is showing a large bottom on the williams vix. I am a little late posting this idea it is moving fast but if you are going to take this trade I recommend placing your stop just below the sma 21.
I will take this sell trade only when price comes up or across to and again breaks below sma 21, being the thick white line. Of course we would want to see the bearish future kumo at that point also and I would take the shape of that kumo into account as well. When sma 21 goes through and below sma 55, this is further confirmation of a change in trend. CS is ...
Looking good for a breakout to the downside. I generally take profits when the breakout loses momentum and then look for another entry. It is your call whether you wait for the close outside the cloud but I have been in this trade for some time now. Will increase my trade size if the breakout occurs.
Be ready to buy the kumo breakout. Chinkou above price, kijun shows a change in trend. I would place a small buy now then a larger trade after the breakout. I dont use a stop loss, but you could put a stop loss just under 1771 after the breakout and move it up when and if the chinkou breaks through the cloud.