Good morning traders,
EURGBP seems ready for a short term rally, There are 4 arguments :
Ascending Trend Line
>200 MA
4 consecutive days > 0.833
H&S formation ?
SL @ 0.833 on a daily close and target of 0.86 area
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
Have a great week !!
Josep Pocalles
EURGBP seems ready for a short term rally, There are 4 arguments :
Ascending Trend Line
>200 MA
4 consecutive days > 0.833
H&S formation ?
SL @ 0.833 on a daily close and target of 0.86 area
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
Have a great week !!
Josep Pocalles
Trade closed: target reached:
I´m closing the trade and the year . Happy New Year !!