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Hello traders welcome back to a new trading day. Well I was little shocked when I opened the charts today to see many pairs had a large up move yesterday and I was reading trying to find out what happened and I do not see anything. The trades today is all about support and resistance levels. We only have GBP data in London and in Asia we have NZD rate decision. This makes for an interesting day. No data in US session. OK traders let us take a look at todays trade plane with the AUDUSD- This is the 30 minute chart. Traders this pair is still bearish on the daily chart. Traders the only trade I will take on this is a short trade as we are at resistance now and data to come out in the Asia session. I have placed a range on the chart and I am looking to short this at price level 0.7414, If it goes to the top of the range we will sell from there. I am looking to take profit at 0.7356 witch is the daily S1 pivot point. I do not see this as an easy trade as data might effect the chart and trade plan. Tahnk you traders and talk soon… William

FX Instructor Forex Blog – For Traders, By Traders

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