EUR/SGDShort
Chikou Span Kumo Breakout: Short EURSGD (M30)
Updated
Daily and H4 Charts: Bearish
M30: Re-entry opportunity
Sell conditions:
1) Chikou span just crossed the kumo
2) Price < kumo
3) Bearish TK cross
4) Bearish kumo twist
5) Price < 200 EMA which points slightly downwards
Main concern:
a) A few candlesticks ago, there is a bearish spinning top with a very long wick.
b) Although Chikou Span is 'free' in open space, the long wick may hinder Chikou span's movement.
M30: Re-entry opportunity
Sell conditions:
1) Chikou span just crossed the kumo
2) Price < kumo
3) Bearish TK cross
4) Bearish kumo twist
5) Price < 200 EMA which points slightly downwards
Main concern:
a) A few candlesticks ago, there is a bearish spinning top with a very long wick.
b) Although Chikou Span is 'free' in open space, the long wick may hinder Chikou span's movement.
Trade closed: stop reached
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