A trade looks to being setup at this time. The Tenkan Sen and the Kijun Sen have moved into a bullish indicator. See chart below. We now draw a Chikou Span Resistance line with a buffer and that is our entry point. The entry point is shown on the chart.
Right now, the Stop will be based on the daily Kijun Sen. However, we will look at the charts once we have entered the trade and see if we need to use the 240 Kijun Sen as a stop loss because price is far away from the Kijun Sen.
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