EURGBP - All time high!
Dear Dynamic Traders,
Welcome to non farm payroll day, a day of volatile market conditions.
I have reviewed the EURGBP chart for today's post. This pair has been bullish this week and moved from 8240 to around 8700 in 4 days. Price reached an all time high yesterday.
The daily chart shows the bullish candles from this week. A trendline resistance is apparent and MACD is showing divergence as price has made a higher high but MACD has made a lower high. Price is also currently at a RN.
The 240 chart also displays divergence, in fact this is apparent across multiple timeframes. Although the price has made a new high, there are no guarantees of a continuation. Should a continuation occur, use either ESLT or the DD strategy to make further gains. Conversely, use your confluence of events for entry on a reversal.
Finally, I would like to thank a couple of inspiring souls for a lovely evening, who are putting in a lot of hard work and persistance into trading and who are extremely excited at the possibility of Javid's webinar series early in the new year.
Its end of the week again, comes round so quickly, time to catch up with those that accuse you of spending far too much quality time with the laptop during the week. :)
Have a fabulous weekend