Sequential trade Review: Position Liquidation of Long GBPUSD average @1.61806 was initiated on the way lower @1.6245 dated Dec. 20 maximizing the EURGBP market potential on the way higher prior to closing of the week of Dec. 21. Counter-trade Strategies applied between GBPUSD & EURGBP cross trade. Net Long still open prior to end of the trading year where position adjustments would be made depending on market behavior. Time-flexibility considered between fundamentals & technical perspective as these are the net remaining positions for the year ending 2012 as of this writing.
Click on the EURGBP link above for a complete analysis.
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