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
UPDATE: Latest whipsaws on Greece developments created an uncertain scenario, but is technical bearish picture is back . i´m entering small short again with a wide stop to 1.1150 ,
Realisto_FX
⋅
UPDATE : I entered short at 1.122 and I´m closing with around 15 pips loss . It didn´t hit the stop at 1.128 but reversal today invalidated my scenario and reconsidering longs