Good morning traders,
1.1015 area was a former resistance turned support. A series of higher highs suggest bullish continuation to retest 1.12 area. SL below 1.105 on a daily close
Also it broke correction phase of the past days and if price remains weekly pivot, more bulish action is possible.
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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
www.realisto.net
1.1015 area was a former resistance turned support. A series of higher highs suggest bullish continuation to retest 1.12 area. SL below 1.105 on a daily close
Also it broke correction phase of the past days and if price remains weekly pivot, more bulish action is possible.
You can subscribe to my mailing list for FX Alerts : eepurl.com/bp_sgP
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
www.realisto.net
Trade closed: stop reached:
If today the reversal is confirmed on EURCHF, is a warning signal for stocks