Hello traders good to be back with you as we start a new week. Well it is a Holiday in the United States and Canada and the markets are very slow today as we expected. The big move today was Oil back at 48.00$ P/P. Well it was not easy to find a trade plan for today however I did like this pair as all we need is a notch up to resistance and we can look to sell this at the price level of 0.7612 and look for a bearish formation for the sell entry. I have to say the ride down to our take profit level is going to be a task of bounces so place your stop and be alert to price action. We are looking to take profit at the support zone of 0.7571 as you can see we need to get throgh the 200 ema and the 55 ema to get our profits.
Thank you traders as the markets are light today I would suggest you do this on a demo account, talk soon….William