Live Chat

19/02/2014: Trade management on my EUR/GBP long

Having been sitting on a profit for much of the past couple of days (currently 26 pips) , although the break to the upside is still expected, I would like to protect the position from a significant reversal.

I have moved my stop loss to my entry at £0.8220. This is also around where the support comes in.

Momentum indicators remain positive configuration and the moving averages are increasingly supportive.

I still expect a move into the £0.8280/£0.8300 band

EURGBP   19022014

Ready to start trading?

Open an Account Try Demo

  • Archive

  • Topics

  • Videos