Tradeplicity
Short

Adding to our SHORT

FX:EURGBP   Euro / British Pound
27 0 1
BOE uleashed a Bazooka but we are still bearish for a correction before further move up. As the link to yesterdays post suggested, we might get consolidation and then further weakness or we get a test of the upper channel line. We got that and we will take the odds on.

If a trade is keeping you up at night, you have too much on the line. Reduce leverage and let the trade play out or stop you out. Let the market tell you.

-TRADEPLICITY
Comment: We are holding our short position as we still have a Short Bias on this pair. We use very little leverage so we can ride out 100-200 pip moves before the bigger trend presents itself.
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