I´m opening a Long GBPJPY, a counter trend position , with SL below 159.4 , a support zone . It could be considered as inverted Head & Shoulders pattern and trade the breakout above 163
Please note this is a counter trend , the probabilities are to the downside.
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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
Josep Pocalles
Trade active
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It was stopped out but I´m re-entering again with SL below 159 on a daily close. It´s a huge distance , so manage your lot size or close partially below 160
It was stopped out but I´m re-entering again with SL below 159 on a daily close. It´s a huge distance , so manage your lot size or close partially below 160