NZDJPY : Resumes downtrend

Good morning traders,

NZDJPY resumed downtrend after pullback where I was stopped out. I entered short again at 74.8 , SL 75.6 on a daily close, let´s see how plays out

Many indicators support the view, Clear downtrend below 200 & 50 MA, new lowe highs, and bearish stock market

You can subscribe to my mailing list for FX Alerts : eepurl.com/bp_sgP

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:

Stop moved to B/E , no risk on this trade

Trade active:

Stop moved 78.2 , 60 pips protected, have a great weekend

Trade closed: target reached:

Stop profit hit