Short

Another week more riddles...

Updated

1. Be careful from a possible bear trap
2. We should go up to the sell zone
3. Once we reach the zone, look for a sell signal
4. We should drop to the target zone
5. In the target zone, look for weakness to liquidate the position

Good luck

Note

Bear trap in place

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The area around 1.2162 is higher probability for reversal

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We are nearing the sell zone

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Almost there..
Be patient

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NOW IN THE ZONE
Start hunting...

This trade has done exactly what it was supposed to do. Infact, I'm sure that some of you have traded up .. which is fine :)
1. Bear trap / DONE
2. Go up to the sell zone / DONE
3. Coming soon / IN PROGRESS

Note

Be vigilant for an entry now

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Trade will be invalidated ONLY if we CLOSE above the sell zone

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The higher into the sell zone the better

Keep looking for a sell entry unless we close above SSB (My sell zone was just a bit off. It should be moved up just a bit to the SSB)

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So the correct upper limit of the sell zone is the black line
A close above that line invalidates the trade

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Trade setup still valid

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If you entered at the black line .. then you are both smart and awesome
and as a bonus, you already have 25+ pips in profit

SL to the high which makes this now a risk free trade
Enjoy

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50+ pips in profit so far with a perfect entry at the top and 0 risk
AMAZING

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62+ pips

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+76 pips profit
Close 50% now and let the rest run

SL to 1.217 guaranteeing 25 pips profit on the rest of the trade

Enjoy

Trade closed manually

This trade will no longer be updated

Note

Now 103+ pips profit and counting
Optimize your position
SL to 1.2125 guaranteeing ~70 pips profit for the rest

Enjoy

Note

This trade has been amazing in that we have actually predicted everything the market will do from start to finish:
1. bear trap
2. pull up to sell zone
3. exact location of reversal from the sell zone (to the pip)
4. The pullback to the TS/KS
5. and hopefully we will also be correct in the target zone prediction but even if not we already made good pips

I love it

Trade closed: stop reached

Ichimoku_Trader

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