Dynamic Trader Forex Blog FXCPS.co.uk: EUR Gotta Be Profiting (GBP)

Good Evening / Morning Dynamic Traders

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

Cross = EURGBP : DAY Chart (Posted Below)

I do hope most of you are still with me on this one, 200pips Monday, 100pips today, What next ?

I had mentioned last night about some previous support resistance lines, of which I drew on the chart and today's candle is currently at war with the first of these.

I also mentioned that if you missed the boat, there will be other opportunities to join in later.

We are now again in a BOB territory and the usual Dynamic traders tools are needed to enter the trade. Do not ponder on what you never had and analyse correctly for your next gain.

If price is to get to the MOB there are and will be some hurdles to cross.

Stochastics still have wind in their sails and so should you.

MACD is now above the zero line and much wider from its signal line as shown on the histogram and I know the current up trend may not be finished yet, but we are showing signs of convergence from the previous swing high's.

RSI is continuing its uptrend having crossed the 50 line.

The signals all look in our favour, but remember the market is always right, and I hope you have enjoyed the ride so far.

On a different note my soldier friend has moved on to rehabilitation since last Friday and thank you for the kind words towards his recovery.