Dynamic Trader Forex Blog FXCPS.co.uk

The Dynamic Trader Forex Blog

Thursday, 4 December 2008

GBPCHF

Good evening Dynamic Traders,

I hope you are all well and enjoying your week.


The chart I have for you tonight , is the GBPCHF on the 4HR timescale. As at writing this update it may be forming a candle at a 123 bottom which happens to be around a Fib. cluster. Please note the support at the R.N.


Although Stochastics is showing a false bar, there are both RSI and MACD convergencies on multiple timeframes.


With no high impact news out tomorrow on this pair , trade it in our best market time for the volatility , but please do your own analysis.














Happy Trading,
Clayton Farnworth.

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