A trend line, on the monthly chart, has been building up for the last 2 1/2 years and will be confirmed with a monthly low between 1195 and 1201 before the end of the year, then we can be bullish long term for al least 5 more years. Strategy is to go long @1200 on the first or second week of December 2017. A clear break below 1180 will invalidate the idea.
Trade closed: target reached:
Closing the long term trade @1947. 500 points in 3 1/2 years on 5 lots. Total profit USD 373.500, risk was 50 points (SL) on the intial trade setup (USD 25.000). Profit is enough to buy a house. Next setup will depend on FOMC meeting on September and I can visualize a medium term bullish setup until November.