Step 1: Below 20 MA . Line must have a downward slope Step 2: Previous Renko bar must be red/down . Step 3: Previous Heiken Ashi Candle must be red/down
Finding Entry:
Macd Cross Down CCI Overbought.
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Any oscillator can be used to find OB/OS conditions. I prefer CCI or as shown on chart the Stochastic
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All is aligned. We are currently waiting on the 1 hr chart to give us confirmation . If there is a pullback we should see price reaching 1.1320 but limited to 1.1360
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TP1 1.1225 TP2 1.1130
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1 hr chart is now showing red heiken ashi candles and 15m chart is now below 20MA. We are in at 1.1310 SL 1.1360