Kumo Breakout: Short EURUSD (H1)
Sell conditions:
1) Bearish TK cross
2) Chikou < Price
3) Price < Kumo
4) Price < 200 EMA
5) SSB + Tenkan + Kijun all point downward
It seems like the 200 EMA is in the midst of pointing down. It is probably an indication that a new downtrend is coming up. Since the 200 EMA is relatively flat, it may take a while before the downtrend can kick in.
1) Bearish TK cross
2) Chikou < Price
3) Price < Kumo
4) Price < 200 EMA
5) SSB + Tenkan + Kijun all point downward
It seems like the 200 EMA is in the midst of pointing down. It is probably an indication that a new downtrend is coming up. Since the 200 EMA is relatively flat, it may take a while before the downtrend can kick in.
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