Cititechs cut long EUR/GBP position

Author: Sean Lee | Category: News

As I wrote yesterday, I thought this was a bad trade anyway, jumping in with the herd simply because it was headed in one direction. Putting on a medium-term trade with aggressive profit-limits and then cutting it less than 24 hours later because the market went against you in the short-term is certainly not a good look.

They have also cut their existing long EUR/CHF and EUR/USD positions.

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