Long GBPUSD

Cable formed a bullish engulfing pattern. I favour the upside with SL below 1.553 on a daily close with a target of 1.5783

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

Josep Pocalles