Dynamic Trader Forex Blog FXCPS.co.uk

The Dynamic Trader Forex Blog

Thursday, 11 December 2008

Hello Dynamic Traders,

I hope you are all well , and having good success with your trading.

Tonights chart is more for you swing traders and so you have time to prepare and plan your entry technique.

The chart is the EURGBP and looks like it may be about to reverse.The first thing to take note of is the price and the figure. Also we have had price moving along the trendline quite nicely only to rocket up short-term . We also have several conluence of events happening with Stochastics being O/B on differing timeframes and RSI has divergences on differing timeframes too.

Plan your entry well on this pair if your indications confirm an entry and you could get very good rewards.

As always please ensure to do your own analysis .













Chart courtesy of Advanced Get.

Hoping you have a great trading day tomorrow , but remember the weekend is nearly upon us and so dont trade too late. The first high impact news for this pair directly is Tuesday 16 Dec.

Clayton Farnworth.

Labels:

Links to this post:

Create a Link

<< Back