GBP over extended to the downside, hence why my last two trades have been Buy GBP at S/R.
EURGBP gave me the entry for a short and I have gone with Euro weakness rather than CHF over extension or any of the other crosses. Going to limit the two trades with a GBP and not add anymore GBP exposure.
Risk : Reward = 1:3
EURGBP gave me the entry for a short and I have gone with Euro weakness rather than CHF over extension or any of the other crosses. Going to limit the two trades with a GBP and not add anymore GBP exposure.
Risk : Reward = 1:3
Trade closed: stop reached:
Brexit News stopped this out. Going to consider two things going forward.
Trading only one currency's cross at a time. So GBPUSD or EURGBP or GBP??? etc.
Trading multiple crosses of a currency but limiting my exposure to one normal position size, so reducing the exposure on each trade but not the overall idea.
Trading only one currency's cross at a time. So GBPUSD or EURGBP or GBP??? etc.
Trading multiple crosses of a currency but limiting my exposure to one normal position size, so reducing the exposure on each trade but not the overall idea.
