Screen Shot 2015-09-10 at 08.09.36

Hello traders welcome to a new trading day. So we have looked at the charts and I have to say I like what I see there was good data released from the Aussie and about a 25 pip move. The NZD came down after data today. All i can say is do not leave your charts after an entry until you are break even in the trade as the market is very volatile. Traders please be alert today‚Ķ.. OK so let us take a look at the AUDUSD- This is the 30 minute chart.This pair continues to have a bearish bias. So today we have placed the Fibonacci tool on the chart as yesterday was some nice bearish price action. we do have data to be released in Asia session. I am looking for a pullback to the 38.3 level at price 0.6996 for a sell entry. I will be looking to take profit at support at the S2 pivot at price level 0.6963. This will be just over a 30 pip trade. Please check the chart after data to make sure this plan will work. Traders have a great trading day….. William

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply