Dynamic Trader Forex Blog FXCPS.co.uk: EUR GBP(Great Bag of Pips)

Good Evening / Morning Dynamic Traders

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

Cross = EURGBP : DAY Chart (Posted Below)

Where does the time go, the end of another week. The one think in life you can not exchange or give back once you have used it ! When it's gone it's gone.

I hope following the blog this week you all had a good return on the time spent reading and following this weeks comments.

I think the EURGBP went in our favour as we caught the move, as it started, and followed since.

As suggested the initial surge fell to a wimper today as we ended in a doji for the day. Stochastics in OB and RSI struggling to reach higher than 65 means we could be at the start of a pullback.

For those awaiting to get into this trade, your time to enter may be near. We need to revert to your Dynamic Traders toolbox and use the tool to establish breather levels. Depending on the type of trader you are depends at what level you will enter at.

We have had a very positive bullish week and a rest is needed before the next push. Read yesterdays blog to see where our targets are.

Have a great weekend, I will not be posting till Monday night, due to being away.