EURUSD Resumes downtrend

EURUSD couldn´t break resistance at 1.1471 and reversed sharply to the downside . A potential XABCD formation is on the works, but still not clearly what type , so in any case I will trade the trend and enter short at current levels . Stop above 1.128 on a daily close.

I will trail SL as soon as it moves to the right direction

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