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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


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At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.