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Realisto_FX
May 15, 2015 7:05 AM

Short NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

After a consolidation period , we could see a continuation of the downtrend in the Kiwi. I favour the downside . SL above 0.7570 on a daily close

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
Comments
Realisto_FX
UPDATE : I´m closing remaining position just in case a channel is under development
Realisto_FX
UPDATE : I´m booking 50% profits and rest of the position at B/E. There´s some support at current levels
Realisto_FX
UPDATE : Move stop to 0.7510
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