Screen Shot 2016-01-06 at 08.02.45

Hello traders welcome to a new trading day. Mid week as we get ready for NFP at the end of the week we have data releases today be alert to that. I have looked at the charts and there are some challenges to get an entry, the trend really look very well.

Plan Your Trade and Trade your Plan !

OK traders let us take a look at the AUDUSD- This is the 30 Hour chart today.This pair continues to be bearish. It is good to see that price is breaking out of the range . I am looking for a pullback to the resistance level at the price of 0.7202 and a bearish candle with conformation and sell this pair as it is trending very nice. I want to take profit at the support zone as marked on the chart at the price of 0.7139.

Thank you traders and we will talk soon…..William

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.