Dynamic Trader Forex Blog FXCPS.co.uk: EURCAD

Good Evening / Morning Dynamic Traders

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

Cross = EURCAD : Day chart below.

Good evening all, with the USA back in the market today, we would have expected a deal more volatility between the crosses. What was gains early in the day have been clawed back by early evening.

To bring you up to date with another one of my now risk free trades, I have posted the EURCAD Day chart below with a near repeat description of the "High Probability" described yesterday on the EURAUD. You should now be getting a feel for the events we recognise when we want to stack the odds in our favour.

Whilst no trade is guaranteed to do what we expect, it is always a better feeling when the likelihood is it will.

I apologise for the chart looking cluttered, however I feel it is important to point out each confluence of events. With practice these will become second nature to you and your charts will be clutter free.

The Euro stole back some of its gains today and the EURAUD remained trading downwards.

Please do your own analysis before entering a trade.

Trade with Passion

John Maher
Forex Analyst