Trade of the day 12 July 2010: $EURGBP Short
My internet connection has been extremely unstable and crappy today. I am in fact taking additional risk by continuing trading :-) . Anyway, this is a pretty straightforward technical trade. EURGBP was hanging around Friday's high, with failure to make it above 84 level. Short position was entered at 84, two profit targets were achieved, while the last one was taken out by the abusive price action around New York noon. The details of how I managed the position, you might want read my previous post on trade management.
Here is the... CHART!
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