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Realisto_FX
Jun 6, 2016 5:57 AM

Long EURCHF Long

Euro Fx/Swiss FrancFXCM

Description

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
realisto.net

Trade closed: stop reached

If today the reversal is confirmed on EURCHF, is a warning signal for stocks
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