Realisto_FX
Long

Small Long position on AUDNZD

FX:AUDNZD   Australian Dollar / New Zealand Dollar
142 1 5
Good morning traders,

I´m entering a small long position on AUDNZD             after the breakout of descending diagonal, above Kumo and bullish price action . Stop placed below 1.106 . As you can see a considerable risk , so trade small on this one.

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high .
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
http://www.realisto.net
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UPDATE : I´m moving stop to 1.114 to reduce risk
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