Dynamic Trader Forex Blog FXCPS.co.uk

The Dynamic Trader Forex Blog

Monday, 29 December 2008

GBPCAD

Good evening Dynamic Traders,

Tonights chart is one to keep a close eye on, the GBPCAD .

At present it is at a previous R/S and a RN, with good divergences across different timeframes. It has also hit the MOB in Advanced Get but not quite got the extension which clusters with the next RN down, therefore time your entry to use your ESLT when the time is right.

As always please do your own analysis before trading.













Charts courtesy of TradeStation.

Good luck.

Clayton Farnworth.

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