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
Trading ditutup: stop tercapai
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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.