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Hello traders welcome to a new trading day. Traders today is the big FOMC announcement and there is a lot of data all day today. I have looked at the charts and there are trades to be had but not easy so patience is the key to success today. Again traders I recommend to trade on a demo account if you must trade today…..

OK traders let us look at today at the currency pair is the AUDUSD- This is the 30 Hour chart today.This pair continues to be bearish as we have been for over a year. So today we can see that we are in consolidation and looking for the bearish candle and we can sell this at the price of 0.7200, as yesterday trade worked very well and we will just continue the trade to the down side. I am looking to take profit at the support zone as marked on the chart at the price of 0.7159 for a nice 40 pip profit.

Thank You Traders and talk soon……William

FX Instructor Forex Blog – For Traders, By Traders

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