Inside Bar identified 2016-04-07 MACD Close > MACD Open (Momentum UP) Price > Ichimoku Cloud (Trend UP) Pending Buy Stop placed at Mother Bar High (1.68301)
We are long today on a breakout of the high of the pin bar. Daily chart showed pin bar rejection from strong support at weekly S1 However RSI is Flat but encouraged by leaving over sold zone since Early March. Entry: 1.86912 (Buy Stop) SL 1.85000 TP1: 1.87100 (For conservative traders, Recommend taking half trade profit then moving SL to Entry for the remaining...
We are long today on a break out of the high of the pin bar. Daily chart showed pin bar rejection from strong support near weekly S2. RSI sloping upwards. Entry: 1.30108 (Buy Stop) TP1: 1.3080 (Advise to take profit on half the trade, and move Stop loss on remaining half position to 1.30110) TP2: 1.3190 (Close all for full profit)