is in 4H
We have signals that this could be a nice kumo break out:
•Chinkou above price
•Price above kijun
On the D1 Timeframe we are still above the cloud, in what looks like a pull back.. expecting a kumo bounce,
For the SL placement i am selecting the kijun sen because it provides good support for price, and it is a tight SL.
If it does not go up now, we might retrace even lower, so i dont want to set a big SL if it will be taken anyway.