elroux2

Distribution phase?

FX:EURGBP   Euro / British Pound
December 2008 price hit all time highs. Volumes have also increased exponentially over the years. Is price in a potential distribution phase? Are buyers gradually taking profits? (retracements are becoming larger)* Currently on the monthly chart price is moving correctively in an ascending type pattern. Market could potentially over extend before a fresh move down. However this is my own view of this market, it is not my intention to influence anyone's bias or views.
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