This is one of our bread and butter trades taught in our Forex classes and first post here on blog. When longer term trend is down we sell at upper containment band and in this case our FX Trend Bias went down quickly and preceded the price drop.
Past Performance not indicative of future results.
We focus on currencies where ALL THE TRENDS LINE UP ( 1 Hour, 3 Hour, Weekly & Monthly ).
We trade this DIRECTION until the market moves statistically too far. We then look to do the occassional counter-trend trade when our momentum tools show the trend has stalled.