Screen Shot 2016-09-28 at 17.44.37

Hello traders we are back with you and we are looking at a possible N.Y session trade as we think it is possible we can see the dollar continue to gain strength today. I am looking at the AUDUSD on the 60 min chart and you can see price has come up to resistance at the price zone of 0.770 and we had a rejection at that level. So I am looking for price to beak down below the 200 EMA and the trend line I have placed in the chart. After it breaks we are looking for a retest as I have placed some arrows on the chart to show where we are and where we want to go. So my entry is at the zone of 0.7650. I am looking to take profit at the support zone the price of 0.7540. We have to watch as we have speakers an some light data in the U.S. session.

Thank you traders and we will talk soon…..William

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.