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The Dynamic Trader Forex Blog

Thursday, 29 April 2010

The Pound Swedish Krona.

Good evening all,

Tonights cross worth keeping an eye on for a possible shorting opportunity is the GBPSEK, which at present looks to be in an extended flag formation with short term divergence and is also at the lower breather level in a downtrend, whilst the higher breather does stand at former resistance as well though.

However things to be aware of though are the close proximity of the V.I. which could draw price and price is at present above the strong figure and the more recent '000'.

Should your correct confluences occur use your filter entry technique , but as always please ensure to do your own analysis.

Remember to always trade by your rules and do not deviate as this would just encourage you to break them again, your plan is there for a reason.

















Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

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