I quite enjoy being right!

Good Morning Dynamic Traders

My apologies for a boastful title, but I am always happy when my analysis is correct, as this fills me confidence for my trading. It also means that my practicing is paying off!

I showed you yesterday the indications we had for price slowing and even maybe climbing, however we still need to wait for confirmation of price climbing, but price has definitely slowed down and is currently trying to work out what to do next!

I don’t really have too much to report today, because price hasn’t moved much since yesterday. If you look at the hour chart below you will see that price does seem to be trying hard to climb. In the chart below you see that I have drawn in a trend line. So far price has been using this trend line to climb.













It will be interesting to see if price does continue to use the trend line and climb! We will have to wait and see what fun today brings us!

Carpe Diem

Richard Monnery