FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
124 2 1
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
http://www.realisto.net
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UPDATE : I´m off for some days vacation, hoewever following the markets . Move stop to 1.57
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UPDATE : Target met
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