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Pivot: 0.7145
Our preference is for short positions below 0.7145 with targets at 0.7110 & 0.7095 in extension. Alternative scenario is above 0.7145 look for further upside with 0.7160 & 0.7175 as targets.
The RSI is bearish and calls for further downside.
Emotions is the main enemy of a trader. It is true that as a human being we can not control our emotions easily. But in forex trading it is very much needed to control the emotions. Loss is a part and parcel of forex trading. Most of the trader get emotional or angry while they have faced losses. But every trader should have positive intentions. They always try to recover their losses. I am trading with Tpglobalfx. Sometimes i have to face loss also. But in that time I think about my mistake and try not to do the same mistake again. My broker helps me to recover my losses and convert it into the profit.
Forex is high risky market. Trader need knowledge and skill in trading to get success. So, every new trader should focus on increasing trading knowledge and abilities rather than making profit. Consistent profit required proper knowledge and skill. Proper risk management also needed in term of minimizing risk. I am trading with Forex4you. I gain basic knowledge to trading from their education sector.
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