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Dynamic Trader Blog - Forex Chart Pattern Signals

Thursday, June 18, 2009

A Trending Triangle

Good Evening Dynamic Traders!

Today's focus is with a personal favourite, the GBP JPY.

This cross has been safely uptrending since the New Year, after a lengthy southward stride from mid 2007.

A brief analysis of the weekly chart may offer a respectable pointer towards the extent of this ascent.

Below is the daily chart for the same.

Price is once again seated at the influential value index, a place that many a pair has been recently negotiating.

Dynamic Traders debating the ensuing direction, may wish to apply their long-sighted lenses for clarity, without too much dilemma.

Employ your favoured strategy to validate an entry for this swing, engaging your tools to determine a likely exit.


GBPJPY daily chart Advanced Get

Dynamic Traders......

Mark a high probability set up, engage your rules and activate your trade.... without further thought or hesitation.

Learn to trust your initial judgement..... it is usually right!

Active Trading!

Saba Jackson

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