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The Dynamic Trader Forex Blog

Thursday, 26 March 2009

GBP Tug of war

Good Evening / Morning Dynamic Traders

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

Cross = GBP : DAY Chart (Posted Below)

229 pips up, 183 pips down ? If you have managed your trade, I hope you did not give all your gains back to the market today.

The indicators we use at the bottom of chart are all saying we are near exhaustion of our current move, was today that breather, have we got our breath back or do we need more air ?

Is RSI trying to show us a head & shoulders ?

Has stochastic s turned ?

Do your own analysis before entering a trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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