Another position trading which took time to see it gains.
First established the position when price action penetrated below the ichimoku cloud on 16-Jul-2013. The chikou span cut below the tenkan sen and kijun-sen, however, not yet below the ichimoku cloud lo. Survive the spike in price action on 15 Aug 2013.
The forward cloud remains thin, and resistance to the price activity remains a concern. The encouraging part is the tenkan-sen, kijun-sen and chikou-span are now below the cloud.
Singapore Forex Trader.
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