EURAUD : Ichimoku Kinko Hyo Trade

FX:EURAUD   Euro Fx/Australian Dollar
28 1 3
After dropping and closing below descending trend line and fractals , EURAUD             is poised for additional downside. It´s a clean Ichimoku trade , where Tenkan-Sen is below Kijun-Sen and Chikou is below price . Now we are experiencing a pullback with a better R/R ratio.

Above 1.3920 would lnvalidate the signal

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
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2 years ago
UPDATE : Stopped out , and reversal paused just in the descending trendline. I will watch out for potential longs
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