This was the second position taken for the daily trade.
Probably one of the idea set up in ichimoku trading.
The trade was initiated on 19 Oct 2011.
Tenkan-sen had already cut above the Jikun-sen, and price acceleration as seen from the width between tenkan-sen and jikun-sen.
Price itself was trading just above the kumo cloud. And most of all, the chikou span was about to cut above the jikun-sen.
Though on that day itself, price went against the position initiated. It was still structurally within the ichimoku set up to take a long position.
Of course, with the good news from EU earlier, it helped.
Hanging on...
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