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Having decided to run my Cable short position through the Bank of England rate decision the trade was going well.
Then the press conference of the ECB’s Mario Draghi improved appetite for risk in the afternoon.
With Cable making consistent gains through and after the ECB Press Conference, I have been stopped out of my short position at $1.6345 for a 30 pip loss
Risk Disclaimer :
Trading FX and / or CFDs which are leveraged products can result in losses exceeding investment, therefore, you should not risk more than you are prepared to lose.
Before trading you should completely understand the risks involved and be aware that these products are not suitable for everyone.