GBPJPY : Countertrend Position

Good morning traders,

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.

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

Giao dịch đang hoạt động:

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