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EURGBP Day Trading Chart

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-05_18-15-47eurgbp forex.today

2015-10-05_18-15-47eurgbp forex.today

A trader needs to avoid every possible draw down to keep his powder dry to be able to trade.

Psichological if losses are kept small the trader is able to better make up for them and return his account back into positive territory.

Technically if the 55 moving average alligns with the 200 ma then we might be having more positive probability trades in our favor.

Two trades setups are provided where long price is over all the moving averages and a short setup were price is below all the moving averages.

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