EURGBP, the never ending story
When it seems to arrive to the point, it sh*ts oneself from fear.
Seriously, we are always in full B2 of the annual and we are moving towards the quarterly B1, after which the cyclical trend will turn downwards and we will have to evaluate an optimal closing of the positions.
For now we are in profit with both positions, I do not rule out a retest of the MML at 0.8380, but given the intense accumulation phase, the most logical move now would be to go and distribute the price above 0.8550, perhaps looking for the highs again. of the period to about 0.858.
So, we are waiting for the next movements, but we are starting to set a deadline: 1st March '22
Seriously, we are always in full B2 of the annual and we are moving towards the quarterly B1, after which the cyclical trend will turn downwards and we will have to evaluate an optimal closing of the positions.
For now we are in profit with both positions, I do not rule out a retest of the MML at 0.8380, but given the intense accumulation phase, the most logical move now would be to go and distribute the price above 0.8550, perhaps looking for the highs again. of the period to about 0.858.
So, we are waiting for the next movements, but we are starting to set a deadline: 1st March '22
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