Hello traders welcome to a new trading day on a Tuesday. Traders we have moderate data today we will keep an eye on that. Traders we have some nice trade analysis today for you to look at and give you some ideas for your trading.
Plan Your Trade and Trade your Plan !
OK traders let us take a look at a very interesting currency pair for today and our trading. We will look and have a trade plan for the EURAUD- This is the 30 minute chart chart. Today I have to say we are looking at current price and I would like to see a pullback to the resistance level of the 61.8 Fibonacci so we can talk a short trade at about the price of 1.4822. I am looking too take profit at the support level of 1.4709 this looks to be a very nice trade be alert to the daily pivot we could get a bounce there.
Thank you traders and will talk with you soon !!! William