Shorted EURGBP and risking 1 percent.
1) Reasons: GBP is largely oversold and has a bounce back.
2) EUR is being oversold
3) Algo line red.
4) Markets reacting to Theresa May backing down on Hard Brexit
http://www.marketwatch.com/story/uk-government-backs-down-on-brexit-scrutiny-by-lawmakers-2016-10-12
RR: 1:3
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