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Hello traders and welcome to Friday as we get ready for our weekend break. Just some notes we have very little data to be released today. Oil remains above 43.00 P/B looking for 45.00$ . The U.S. markets closed in the green at there close.

OK we have picked our trade set up today as we look at the EURAUD 30 minute chart. Price is in a pullback mode as we approach resistance and I am looking for a bearish candle formation for the sell entry. I am looking to enter at the price level of 1.5200 nice psychological level. I am looking to take profit at the support zone at the price of 1.4900 for a nice 100 pip trade today. I see we will have a bounce at the 1.4950 price level at the 200 ema.

Thank you traders and we will talk soon……William

FX Instructor Forex Blog – For Traders, By Traders

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