Cable car ride up ?

Good Evening / Morning Dynamic Traders

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

Cross = GBP : DAY Chart (Posted Below)

229 pip movement today amongst various news items, are you in this trade for the short term or long haul ?

As we tend to use the day chart as the basis of our analysis, I would say we are in these trades for a couple of days to a week. The momentum of the day chart usually carries the moves with it for a longer time frame, rather than in and out within the hour. What do you do ?

We identified a BOB at the week end and used our tools to enter the trade at an appropriate place. This happened yesterday and now we must plan our exit.

We have the RN 1.5000 above and this must provide an area of resistance to us. The MOB within Advanced Get provides with an area of 1.5200 to be looking at.

Remember you will never know the peak of a movement or the bottom, so decide on your goals and leave some money on the table for the next man. Manage your trade through out.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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