Daily chart and H4 Chart: Bullish momentum
Buy conditions:
1) Kumo breakout.
2) Price > 200 EMA
3) The kumo breakout took place 4 candles ago. Unfortunately, there wasn't any bullish TK cross and so the trade wasn't taken then. In the next candle, we will see the bullish TK cross. However, I am taking the long trade now as the Chikou span has just crossed the price and the cloud.
4) SL is set at Senkou span B and it would be used as a trailing SL.
Buy conditions:
1) Kumo breakout.
2) Price > 200 EMA
3) The kumo breakout took place 4 candles ago. Unfortunately, there wasn't any bullish TK cross and so the trade wasn't taken then. In the next candle, we will see the bullish TK cross. However, I am taking the long trade now as the Chikou span has just crossed the price and the cloud.
4) SL is set at Senkou span B and it would be used as a trailing SL.
Trade active
Risk free trade. Trailing SL.Trade closed manually
Price closes below Kijun.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.