EURUSD +1,687 Pips

Screen shot 2013-10-24 at 11.06.09 AM

Entering a trade inside a kumo, betting that the cloud won’t break. This is what I think while I opened the trade in EURUSD. It has proven to be an effective strategy. As you know, a flat line in a kumo cloud means a strong resistance. While I also drew my own resistance lines, Ichimoku confirmed that it indeed has a high probability that it will not break. So I bet more. The resistance at 1.3500 is a dead giveaway for me. Look at the candlesticks lining up in a straight line. :) That’s another opportunity to add more position from the profit I had on the first to trades near 1.33 and 1.32.

Total pips gained so far +1,687

Screen shot 2013-10-24 at 11.05.56 AMHappy trading.

 

  • divergence

    this could be another reason why you should still be bullish in this pair

  • ForexPhil

    Indeed. :) But I’ll be careful. We don’t know how far it’ll go down.