I´m considering the possibility of a bullish cypher formation on EURNZD , I´m entering long with SL below 1.645
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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
There´s a risk to the downside after ECB rate decision , but it should be fine to increase exposure. Short term structure is invalidated if we close today below 1.633