Despite current negative news and stocks corrections across the globe , EURCHF is holding 1.04 level. This is a sign of strenght and I favour bullish continuation. Also higher lows and a move above the Kumo justify a LONG position
I´m entering long at 1.045 with initial target 1.053 and beyond.
SL below 1.039 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 . 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