What’s happening with price?

Good Afternoon Dynamic Traders,

There isn’t really too much to report from yesterday, because price hasn’t moved much since yesterday. This is why I have decided to have a closer at the price action by looking at the 4hour chart. In the 4hour chart below you can see recently price has definitely been in an uptrend. With this uptrend you will also notice that the MACD has been showing us divergence.

In the 4hour chart below you will also notice that price has been moving sideways which is an indication of price being not sure what it wants to do. This helps to explain the slow movement of late in price on the day chart. However this doesn’t necessarily mean that price will turn and drop, because in the 4hour chart you will see that the VI is slowly sneaking up to the price action which could act as support.













What do you think price is up to?

Happy Trading

Richard Monnery

Is price on the UP?

Good Morning Dynamic Traders,

Hope you all had a great weekend, and a successful week last week.

IF you look at the day chart below, you will notice that price does seem to be on up. The MACD convergence I pointed out in my last update obviously had some part to play with the price increase. When I did my last update price was dropping, but you will notice that price fell to the RN which also happens to be at a previous support/resistance line. You will also notice that price dropped and hit the Fib breather bang on, then continued to climb.













What do you think price is doing now.

Happy Trading

Richard Monnery