A Toast To The Fans!

Good Evening Dynamic Traders!

First and foremost, may I plead a pardon for the absence of yesterdays blog, which was pledged to you last week.
A technical hitch with my habitual "pattern of thought" following an unusually arduous weekend, prevented the power of structured analysis.

Secondly, I am hugely humbled...... beyond admission, after receiving (courtesy of Javid and Anne) word from you, the readers of the FXCPS blog folios.

I cannot express the feelings of overwhelming gratitude after reading the array of testimonials you have so graciously bestowed upon myself and my fellow contributors.

I am equally thrilled to learn that you find the blogs not only adding value to your trading pursuits, but also a source of encouragement and enlightenment.

It is immensely satisfying to recognise that each supporters writing style hits a chord with individual readers, thereby attracting a larger and diverse audience.

May we continue to motivate and inspire you all!

Today I am considering the EUR USD pair.

A clear trend reversal has been in play after price reached an all-time high in July last year.

The weekly chart below displays a retracement concluding in mid December, followed by a bounce away from a celebrated fib resistance and cluster area.

Note also that price has fairly recently broken below the value index, signalling further weakness.

EURUSD weekly chart Advanced Get

Last weeks analysis (BLOG 20 Jan), alerted Dynamic Traders' to an AA configuration. This has yet to convincingly materialise, but a peep at a smaller time frame displays an opportunity presenting itself.

Below is the 4 hour chart for the same.

Heed the textbook 123 snap shot with the sub chart mac d behaving beautifully.

Using your own trading rules and risk tolerance, a gain may be grasped whilst loitering intently for the longer term swing set up.

Be mindful of news items and key trading times!


EURUSD 4 hour chart Advanced Get

Animated Trading!

Saba Jackson