EURNZD 15 Min Potential Cloud breakout
Updated
Monthly and Daily Direction is Bearish
on the 60 this pair has formed a double top, shown by the Yellow line (unfortunately I can not show, on the 15, the 1st instance of resistance without losing detail)
This trade still needs 2 of the 4 requirements, so is at least 90 min away from setting up.
Cloud breakout requirements:
1. Cloud Breakout - Still need
2. Have a TK cross :)
3. Chikou is closing below price :)
4. Future Kumo twist - still need
** Additionally, need a close below the daily Tenken Sen (Red line)
Entry parameters will be provided once all the Criteria are met
on the 60 this pair has formed a double top, shown by the Yellow line (unfortunately I can not show, on the 15, the 1st instance of resistance without losing detail)
This trade still needs 2 of the 4 requirements, so is at least 90 min away from setting up.
Cloud breakout requirements:
1. Cloud Breakout - Still need
2. Have a TK cross :)
3. Chikou is closing below price :)
4. Future Kumo twist - still need
** Additionally, need a close below the daily Tenken Sen (Red line)
Entry parameters will be provided once all the Criteria are met
Trade active
This trade has not been triggered yet butthe Setup is complete with the following entry Parameters;
Entry = 1.6695
Stop = 1.6750
Risk = 55 Pips
PT = 1.6530
** at 1.6565 (just before the prior low) you may want to take some of your position off
Trade active
This trade has now been triggered and is active :)Trade closed: stop reached
Although it went our way initially, didn't get to where ewe needed it to :(
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