Short GBPUSD : Naked analysis

May 24, 2016

Good morning traders,

GBPUSD formed a lower high and couldn´t continue with bullish impulse, so I have a bearish view on the pair. It was also documented on my previous post

I´m shorting at 1.449 with SL above 1.455 on a daily close

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
realisto.net

May 24, 2016

Trade closed: stop reached

Cable turned bullish, I guess will be choppy till Brexit referendum date