Chart AUDUSD : Bearish

Good morning traders,

AUDUSD seems ready to resume downtrend, at least to next support level around 0.738 .

Price holds below 0.75 and formed a retracement to 38.2 level from last drop.

I´m entering short at current levels with SL above 0.75 on a daily close

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

Josep Pocalles

Trade closed: target reached:

Target reached, comments are welcome !