Are you prepared ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = GBP : 60min Chart (Posted Below)

Long Term Trend = Down : Short Term Trend = Down

Did you read yesterdays Blog ?

Did you take action ?

Those that did would have taken a slice out of the 200 pips on offer on the days candle. Do not be greedy, and leave some pips on the table for the next man.

Again using the BOB with ESLT as entry would have rewarded you well. This one trade would have helped repay your webinar course greatly, and those who follow the blog and have not done the series must ask yourself "Why ?" Contact Javid now.

You will see from the 60 min chart that price has tried to return to the fold since our gains and currently resistance has become support.

We have stochastic s at OS, RSI below 50 but currently pointing up, MACD under the signal line and on the verge of crossing down the zero line.

The retail price index is hovering above price, providing further resistance to the upwards movement, making a downward move more likely back with the trend.

As always do your own analysis of your trades.

Thank you for following the blog this week and I do hope you learnt at least ONE thing to carry forward and make you a better trader in the future.

The forex market is abundant of money, how much do you feel is yours ?

Do you REALY believe that ?

Have a great weekend, speak to you Sunday night.

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Courtesy of Advanced Get / E Signal

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Trade with Passion
John Maher
Forex Analyst