FX trade of the week - EUR/GBP - Hell of a ride! yet, still half way through...
FX trade of the week - EUR/GBP

No doubt, so far it has been a great run of almost 400 pips in profit and still counting. Hell of a ride! yet, still half way through... When we initiated this short position 53 days ago, we couldn't ask for a better downside move as we have witnessed during this time period.

Bulletproof Traders in-house trading activities present our 50+ days old bearish campaign on the EUR/GBP.

The trend was strong, stable, and consistent with very few and insignificant shallow corrections along the way. The smoothness of that move had enabled us to scale in and out easily and to secure most of the profit that had been accumulated.

Still, we are not done with the downside potential. We remain committed to our game plan and to our original, one and only price target of 0.8532, which is not too far away from current price levels.

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