Dynamic Trader Forex Blog FXCPS.co.uk

The Dynamic Trader Forex Blog

Monday, 22 December 2008

Good evening Dynamic Traders,

Tonights chart is on a lower timeframe and is of the CHFJPY.

As you can see it is at a TJ's elipse longer term at present which co-incides with a possible breather level zone and may be ready to head south. Please note also that the RN is close but hasn't been tagged yet. There is also a divergence on the lower timeframes RSI with other confluences and it has an OB Get Stochastic with no false bar.

Due to the low liquidity in the markets at present please trade with extra caution, and as always do your own analysis.




















Happy trading,

Clayton Farnworth.

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