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