Well, look at that. An entry signal right off the bat!
The EUR/CAD H4 chart is showing not one but two entry signals.
1.) The Kumo has flipped with a Senkou span cross, and is now showing a Bullish trend.
2.) A Kijun Sen Cross occurred very recently, strengthening our belief that the price has started a Bullish trend.
Because both signals are saying to buy, and because the weekly chart is showing a Bullish Kumo, we enter with 2 lots of 1.5% trades. We will exit one when the Senkou span cross turns bearish, and one when the Kijun Sen Cross turns Bearish.
Finally, the chart -
We put our stoploss at the opposite edge of the Kumo, which translates to 1.4946 - around 170 pips from our entry.
So -
Entry - 1.5178 with 2 lots, going long
Stoploss - 1.4946
Exit - Both a Kijun Sen Cross with 1 lot and a Senkou span cross with the remaining lot - both signaling a trend reversal.
