Just checked my sell trade on the AUD/USD pair and while I made 60 pips in short term gains Sunday night into Monday, the Pair has broken out of its bearish Lopez Trend. One clue I noticed after the fact was the Efficiency indicator stayed very low (in the range bound area) while I received the bearish trend signal, this was a clear sign that the when the Pair turned bearish it had no real momentum behind it. Now that a bullish breakout has occurred, my plan is to wait for price to settle inside the upper band of the Lopez Trend indicator and buy the Pair with a stoploss of 0.7950 and takeprofit of 0.8150 while watching the Efficiency indicator for trend exhaustion.
