AUDUSD Ready for Breakout ?

Nov 8, 2016

Good morning traders,

It seems AUDUSD is ready for a bullish breakout ?

I´m long at current levels with SL 0.7650 on a daily close. The catalyst for reaction should be today´s US election. In any case cautious position, expect the unenexpected.

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
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

Regards

Josep Pocalles