14 Jan 2015

SCALING BACK IN MY SHORT EUR/GBP TRADE

EUR/GBP H4

The rate just broke the multi-year support at 0.7750.

As I had already taken profit from my previous positions, I decided to scale back in this trade.

I went short at 0.7738 with a stop at 0.7785 and target 0.7705 and 0.7530 with 0.6% risk.

Please note that the stops for the rest of my positions are still at break even at 0.7810

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