The Swissy.

Good afternoon Forex Traders,

I am deliberately showing the CHF for the ones amoungst us who are learning as this is not a good looking chart.

As can be seen a squeeze is happening in the tightening triangle, so patience is needed and this should be put on the watchlist.

Wait for a break in either direction and use your usual tools, but as can be seen the horizontal support from a previous low is at a good figure and so although AdvancedGet is showing a wave 4 in progress which means possible further movement south there is also a fibonacci reversal area just below and so to protect against a FBO use your ESLT with due diligence tying in with your other confluences should whichever break occurs.

As always please ensure to do your own analysis before trading.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

Review of the EURGBP.

Good afternoon Forex Traders,

I am not showing a chart today as I am just going to review yesterdays post.

Nothing much has changed on this cross as we have not had a trendline break or a break of the V.I. either which leads to the upward move still possibly being the weaker option.

Although the resistance area has been tagged now including the fibonacci areas(although the breather not broken) thus keeping the short trade a possibility this could be a possible entry point for the aggressive amounst you thus keeping your sl small or you can wait for a more conservative entry by varying degrees.

Always be aware of both scenarios and put the odds in your favour when you trade.

As always please ensure to do your own analysis before taking any trade.

Clayton Farnworth.

The Euro British Pound contiuation?

Good morning Forex Traders,

Todays chart of the EURGBP on the daily timeframe is going on my watchlist with a view of a possible continuation down soon.

All the trends at present are currently down and there is no volatility showing in the price action at the moment.

Price is currently tagging a fibonacci cluster of retracement and extension and the V.I. is slightly above too, with a trendline resistance and former support now acting as resistance playing their roles.

As the trends are down the obvious direction would be a continuation south with all these confluences around but wait until direction is given before entering according to your plan.

As always please ensure that you do your own analysis before taking any trades, using all the tools at your disposal.

Charts courtesy of AdvancedGet.

Have fun.

Clayton Farnworth.

The Euro British Intraday.

Good afternoon Forex Traders,

Today on the EURGBP 4 hour timeframe chart price action has hit its V.I. clustering with a fibonacci retracement and extension area together with a good candle formation.

I am expecting at least a pullback if not a retracement/reversal due to the fact that the short and intermediate term trends are down and the longer term trend is undecided.

Also there is divergence showing on the MACD indicator to some degree but not great.

Although the V.I. has been hit the fibonacci values were just missed so it is possible that further upside movement may occur, and so as always please ensure to do your own analysis before entering your trades and plan your entries according to your trading plan, looking for all your confluences to support the decision.

Charts courtesy of AdvancedGet.

Enjoy your trading.

Clayton Farnworth.

The Pound Canadian Dollar.

Good morning Forex Traders,

Apologies for the lack of posts recently, but due to other problems I was unable to but should be back to normal now.

The weekly chart of the GBPCAD is showing an OB Stochastics at present and a doji candle although it is only mid week, and price has hit the golden mean.

If you now go to the daily chart below you will see that the recent doji candle has hit a former R/S area at the figure with the fast signal line of MACD hooking down.

Whilst doing your own analysis please ensure to look at other indicators including Stochastics for confluences and bear in mind that the shortewr and medium term trends are up whilst the longer term trend is down, but at present may be wanting to reverse.

AdvancedGet is showing a possible wave 3 in progress which could terminate at a fibonacci extension before the possible pulback then contiuation so ensure to do a complete analysis before entering, and then use your methods of entry in accordance with your rules should the confluences predict.

Charts courtesy of AdvancedGet.

Have fun with your trading.

Clayton Farnworth.

The Pound Japanese Yen.

Good morning Forex Traders,

Todays chart on the GBPJPY on the daily timeframe, may be in a position for a possible further move north.

The short and intermediate term trends are up whilst the longer term is undecided.

With this in mind price is currently trying to break a former resistance after having rested on the V.I. and could have the next zone in its sights.

Although there is MACD divergence there is still a good trend up at present and so a possible long trade could be in the offing should the figure and resistance break and hold and therefore be in a position for ESLT.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Have fun.

Clayton Farnworth.

The Pound Swiss Franc.

Good morning Forex Traders,

Todays chart on the daily timeframe is of the GBPCHF, which has come back to re test the V.I. which also lies between breather levels.

Steam may be running out of this retacement of the larger move down and so watch this cross for a possible shorting opportunity in the near future, by using all the tools at your disposal.

As can be seen the MACD indicator is showing divergence but that could be due to the slow moving price action at present.

As you all should know by now, if the opposite happens, and price action takes it above the V.I. with a BOB then this pair could be traded accordingly.

Please ensure to do your own analysis before entering any trades.
















Charts courtesy of AdvancedGet.

Have fun trading.

Clayton Farnworth.