The price action supports this thesis, and we apply the indicator, the chart comes alive.
paints a very picture, confirming my bias. There is clear rejection after crossing the cloud down
and retesting it. After this, price shoots down, expanding range and triggering a daily time at mode downtrend.
As a bonus, the last two daily bars close below the Kijun sen, after a tenkan/kijun sen cross occurred.
I have already entered, using a discretionary approach, but will add once I get confirmation that the time at mode weekly trend is valid. The target is 1.90509, to be reached by or before January 8th, 2016.
For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group for Forex traders, where I share trade setups and also provide traders with training, 2 private webinars per week. I'm also giving tutoring via skype calls, on a one on one basis for a different rate. Good luck if taking this trade with me.
Time at Mode FX