I´m entering a small long position on AUDNZD after the breakout of descending diagonal, above Kumo and bullish price action . Stop placed below 1.106 . As you can see a considerable risk , so trade small on this one.
6 Trading Rules :
1. Never add to a losing position . 2. Don´t be the first to buy low and sell high . 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