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Hello traders welcome to a new trading day. So today I have looked at the charts and I like what I see the plans are very straight forward and really just continuing the trend on most trades. We do have data today so be alert to that as the ECB president speaks in the US session today. OK so let us take a look at the EURAUD- This is the 30 minute chart chart. Today we have a daily chart that is bearish. I have to say this chart is ugly however the trade plan is a nice one as we are currently sitting on the daily pivot point and looking for a close below that and a bearish candle with conformation to sell this at price of 1.5690 zone. I am looking to take profit at the 1.5610 support zone as marked on the chart. Let us see if price action will work with us today…

Traders have a good trading day and talk soon….William

FX Instructor Forex Blog – For Traders, By Traders

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