Long AUDCHF

138
Good morning traders

Bullish scenario for AUDCHF after breaking downtrend and above resistance levels at 0.5434. Scenario would be invalidated below those levels

6 trading rules

1. Do not add more risk to a losing position.
2. Do not be the first to exit and the first to enter.
3. Think in fundamental aspects and manage in technical aspects.
4. The analysis should be simple.
5. Start with small lots and increase the position if the trend is correct.
6. Complex positions are generally correct.

These rules emphasize a disciplined approach, such as avoiding "averaging down" on losses, waiting for confirmation of market moves, and scaling into profitable trades.

This position is part of a diversified portfolio, you can follow my investable track record at my BIO

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