Short Cable

Good Evening / Morning Dynamic Traders

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

Cross = GBP : Daily Chart (Posted Below)

Long Term Trend = Down : Short Term Trend = Down

The snowball is running down the hill, and it takes a strong brave man to try and push it back to the top. The trend is your friend.

With that in mind we had a red candle today, which was lower early in the day before pulling back this afternoon.

Today's candle is red, as I write the blog, and already has dropped 95 pips.

Price is currently through a fib breather level, with RSI under 50 pointing down.

MACD has now crossed under the signal line, and stochastic s are pointing down still.

Our confluences are saying a continuation of the down trend, however be aware of key news at 0930hrs in the morning.

Welcome to our new Dynamic Traders who finished their 1st webinar last night, I am sure you will now be added to our readership of the blog and I look forward to being a help. Like most things in trading "Patience" is the key, so do not jump in to trades on the back of your 1st lesson.















Courtesy of Advanced Get / E Signal


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Trade with Passion

John Maher
Forex Analyst