Hello traders welcome to a new trading day. I have looked at the charts and looks good. We have placed the trade plans on the charts and look to see if price will work for us today. I have to say most of the trade plans worked very well yesterday and looks like we will continue in the trend of the charts today. Entry is the key today so please be alert to that…….. We do have data today should help move the market.
OK traders let us look at the AUDUSD- This is the 30 minute chart.This pair on this chart is bearish.I am looking for this price action to pull up to the 38.2 Fibonacci level at price of 0.7229 for a sell entry with a bearish candlestick. I would like to take profit at support at the price of 0.7203. Traders if this pulls back further just wait and maybe you can get an entry at the 200 ema. Yesterday trade worded very well I have to say.
Traders have a good trading session and talk soon…William