EURGBP

Good Evening / Morning Dynamic Traders

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

Cross = EURGBP : 60mins Chart (Posted Below)

Well another week almost over and we never quite had the moves in the cross this week, which i thought may have happened when i viewed my charts last week. This cross is still worthy of a place on your watchlist as it will soon decide to make a BIG move.

The day chart shows we are still in the small area between our RN and the 100 EMA, with the RN defences breached 4 times in the last 4 days. Will we break to the upside ?

Our 60mins chart shows a great example of the liquidity within the market between 0700hrs- 1700hrs GMT. (Look for the larger candles) It also shows on stochastics that we are OS, which could tie in with a bounce or reversal from the VI.

Thank you for your following of the blog and I hope it is a benefit to your training, have a great week end and I hope to speak to you soon.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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