A short position considering negative fundamental sentiment and technical perspective, to retest 0.70 zone :
1. Overall downtrend
2. Below Kumo
3. Below 50MA + 200MA
4. Confirmation chikou span below price
SL above 0.7261 on daily close would invalidate this scenario
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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
1. Overall downtrend
2. Below Kumo
3. Below 50MA + 200MA
4. Confirmation chikou span below price
SL above 0.7261 on daily close would invalidate this scenario
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