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Wednesday, March 18, 2009

EUR Breakout

Good evening Dynamic Traders,

Congratulations to the very new "Firewalkers" and those who have just completed UPW. May you unleash the power of your new found potential on your newly defined journey.

The EURUSD daily chart below is displaying signs of opportunity and abundance below. Price is approaching a previous resistance and the figure is in close proximity to this resistance. Though MACD on the daily chart is not showing any signs of reversal at the time of writing this, there are multiple smaller timeframes showing divergence. Given that the larger trend is down the smart money would say likelihood is for price to head south. Either way dynamic traders will be ready with filter tools in hand to utilise the opportunity.














Productive Trading!
Bijal Shah

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