The Pound Swissy.

Good evening Dynamic Traders,

Well hopefully I should be back up to speed tomorrow as a BT engineer is supposed to be coming around in the morning slot between 8.00am and 1.00pm, so I've got my fingers crossed.

Tonights chart although it has the short term up has both the medium and longer term trends down.

Price action has recently tagged the VI around the figure area continued down and could now be forming a bearish flag, and Stochastics are getting OB.

This may offer a shorting opportunity soon and a good entry point could be calculated should the offer present itself as divergences are showing on the lower timeframe with MACD but the breather has been surpassed.

I am waiting for a couple more confluences before I will take this short and you should ensure that your quota is reached before doing the same.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.