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Hello traders welcome to a new trading day on a Wednesday. Traders we have a lot of data today data today in London and the most in the US session, we will keep an eye on that. Traders we have some nice trade analysis today for you to look at and give you some ideas for your trading.

Plan Your Trade and Trade your Plan !

OK traders let us look at the AUDUSD- This is the 1 Hour chart today.This pair is moving for a leg to the upside. I have to tell you traders this is at resistance and being rejected and the daily chart remains bearish. I have placed a trend line on the chart looking for price to break and give us a retest and we can enter this short trade at 0.7255. I am looking to take profit at the support of the 200 ema and looking at price of 0.7194

Traders please be alert to data today in the US session a lot of news that will and can effect the market. Talk soon traders….William

FX Instructor Forex Blog – For Traders, By Traders

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