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Hello traders and good to be back with you on this Wednesday. Traders just a couple of notes U.S session has housing starts and very good numbers. Oil stays just above is 48.00$ P/B. We have some data today so please watch your calendar closely today.

OK the currency pair we are looking at is the AUDUSD. Well look at this chart and yes my Bias is bearish and continues the trend. So what we are looking for and that is a pullback to an entry we can work with. I am looking at this and at the price level of 1.7649 with a bearish candle formation for the sell entry. I am looking to take profit at the support zone at the price level of 0.7587. This is a basic trade plan and we just have to be patient for price to give us that entry.

Thank you traders and we will talk soon….William

FX Instructor Forex Blog – For Traders, By Traders

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