Dynamic Trader Forex Blog FXCPS.co.uk

The Dynamic Trader Forex Blog

Monday, 8 December 2008

AUDCAD

Good evening Dynamic Traders,

I hope you are all well and made good profits today,and if still in your trades are managing them as you should.

Tonights chart is on a 4 hour timeframe and hopefully should produce quicker profits, but with a little more work.

At the time of writing this price stands at former support which could become resistance and is also closely accompanied by a Fib. cluster. We also have a nearly O/B Stochastic (which has dropped from O/B), and several other confluences on differing timeframes.

Wait for your entry point as usual , but also please do your own analysis.















Have fun with your trading, and I hope you profit .

Clayton Farnworth.

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