Realisto_FX

Short EURGBP Trade

Short
FX:EURGBP   Euro / Livre Sterling
A short position considering negative fundamental sentiment and technical perspective, to retest 0.70 zone :

1. Overall downtrend
2. Below Kumo
3. Below 50MA + 200MA
4. Confirmation chikou span below price

SL above 0.7261 on daily close would invalidate this scenario

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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
Top Technical Analysis Voice
www.linkedin.com/in/josep-pocalles/
realisto.net
One-to-One Trading Coach & Mentor
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