Back from my short break

Good Morning Dynamic Traders,

My apologies for my recent absence, Zaheer and myself attended an Anthony Robbins seminar last week which was amazing. This has really helped me to focus and apply myself and I can’t wait to get back into the driving seat of trading again.

For some time now I have been following the EURUSD. The reason for this was that I felt that price was going to move sooner than it has done. I promise this will now be the last update on EURUSD (for a while anyway).
It is still a chart that should remain on your watch list, because price is still in a downtrend. Looking at the day chart below you will see that price is still in a range. You will see that the RN stopped price from falling anymore, but another RN at 1.3800 stopped price from climbing further. Hence the range that price is currently playing in.
If you look closer you can see a potential double top formation. If this does turn out to be a double top formation coupled with the downtrend, we could expect price to drop further. This is a chart that will definitely stay on my watch list.













I’m going to leave you with a quote from Tony Robbins – “Live with Passion”

Carpe Diem

Richard Monnery