Dynamic Trader Forex Blog FXCPS.co.uk

The Dynamic Trader Forex Blog

Tuesday, 6 April 2010

The Pound Swiss Franc.

Good evening all,

Tonights chart of the GBPCHF, could be getting ready to resume its trek southward.

Price is currently retesting a former S/R area together with being in the midst of breather levels.

Although there is no candle formation yet as an added indication, stochastics is showing a downward trend whilst coming upto the OB area.

Await more direction if conservative or place an order if aggressive using your filters, but do bear in mind the strong '000' figure which price has recently climbed back above and should really be overcome before your entry.

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

















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

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