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Hello traders good to see you on this Friday as today we look at a daily chart as I just found this technical chart very interesting. We can see that price has touched resistance at the price zone of 1.0280 and was rejected , The next day we see a red candle. So as we all know this is a long term trade at least 5 days. I am looking for this to give us a small pullback and continue to the down side. So let us look to the price to get as close to the resistance price zone of 1.0242 AND LOOK FOR A BEARISH CANDLE and look to enter sell trade. I am looming to take profit at the support zone at the 200 EMA at the price of 0.9814.

Thank you traders and we will talk in the next Asia session….William

FX Instructor Forex Blog – For Traders, By Traders

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