building a long position from here, piece by piece. No bag holding though.
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Just refining this. I'm noticing that 0.8727 is a pretty important weekly close from October 1992, so that is going to be my line in the sand on this one which, from here, gives me about 100 pips to work within before I would start unwinding.
Trade closed: target reached
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Starting to take some profits here around 0.8730 ish. Will take a good lump off and trail the rest.
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EURGBP is now setup I think. From here I can't see how there will be any downside.