I posted this idea on the 18th Aug that i thought this was going to trend bearish before regaining its bullish power. As we can all see here its trended beautifully smashing right on our Take Profit level.
Euro continues to fall down without any sign of turning around. I still see some more bearish moves for some time.
Price has just broken out of the Ichimoku Cloud. It could be the start of a new uptrend.
The idea is to catch a new trend as early as possible and ride on it as long as possible.
No target price to hit. Go long and place a trailing stop along the way as price goes higher. Set a stop loss when you open the position.
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