Last week we had saw a good break of the weekly tenkan which is the daily kijun level and the end of the week we seemed to have been heading to test this break 17250. So this week we look to see a test of this level and a bounce. If this bounce occurs we buy above 17250.
Entry: on close above 17250 after testing it
SL: 16849
TP1 : Weekly Kijun @ 18003
TP2: Monthly Tenkan @ 18540
Risk Management is 80% of job:)
Entry: on close above 17250 after testing it
SL: 16849
TP1 : Weekly Kijun @ 18003
TP2: Monthly Tenkan @ 18540
Risk Management is 80% of job:)
Comment:
We did not test that Kijun level,price just went up straight. I would not enter now ,price seems to have moved too much. i would wait for another pullback. So for now il let this one go.
Comment:
We are trading at the weekly tenkan 17250....if we get a bounce here then the thesis is strong and we take the trade with confidence for a long with the abovve stated targets!!
Trade active:
We are in now peeps...That close looked good. Activate the SL and TP
Trade closed: target reached:
1st target reached. . . put trade on risk free!
Trade closed: target reached:
2nd target reached as well. . trade closed
