Tuesday 18 December 2007

Trade the News Entry on GBP CPI Report

9.30 am GBP Lower than expected CPI

Trade entry:
Time: 8.00 am
Direction: Short
Price: 2.0196
Target: 50 pips below
Stop: 50 pips above
Exit: 2.0141 (+55 pips)

I was holding a short position into the news announcement. The news came out in favour of this morning technical setup.

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