Strong Bullish Kumo Twist: Long NAS100USD (M30)
Although the kumo breakout (supported by bullish TK cross and bullish Chikou cross) took place a few candles ago, the kumo was flat. Hence, the trade was ignored. However, even if the trade was taken 4 candlesticks ago, the stop loss would have been tight.
A long trade is now taken because:
1) Strong bullish kumo twist since it happened when price > kumo
2) Chikou > price
3) Tenkan/Kijun + SSA/SSB are parallel and both are pointing upward
4) Price > 200 EMA which points upward
5) Further confirmation by Stochastic and MACD gold cross
Trailing SL helps to limit the losses when the price moves in our favor.
A long trade is now taken because:
1) Strong bullish kumo twist since it happened when price > kumo
2) Chikou > price
3) Tenkan/Kijun + SSA/SSB are parallel and both are pointing upward
4) Price > 200 EMA which points upward
5) Further confirmation by Stochastic and MACD gold cross
Trailing SL helps to limit the losses when the price moves in our favor.
Trade ist aktiv:
Risk free trade. Trailing SL to let profits run.