Bulldog bites back !

Good Evening / Morning Dynamic Traders

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

Cross = GBP : DAY Chart (Posted Below)

After a day of indecision as to whether to confirm the BOB or not, as I write the blog, price will have triggered those Dynamic Traders into the trade that used the relevant tools from their bag. RN 1.45 played its part today (Monday) as price fluctuated, and it seems a distant past as we currently are at 1.4683.

I have shown the RSI indicator below the chart, please note the previous 3 lower highs on price have produced higher highs on RSI, cue the break out !

There is a long way to go in the trading day yet and recent candle bodies have not been to enhanced. With a number of news items due before my next post, the market could decide to please itself. Lets look to some reserves left in "stochastic s" before it runs out of steam and note the major RN sat above providing our next resistance.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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