Hello traders welcome to a new trading day. I have looked at the charts and have to say we have had a challenging week. I am looking at this as temporary and the dollar will come back. The JPY pairs all worked yesterday it is the dollar pairs that is a hard read. I am excited to trade today I feel we have some good trades to take. Remember trade with confidence. OK let us take a look at the trade plan for today on the
EURAUD- This is the 30 Minute chart.This is the 30 Minute chart and really looks bearish.I am looking for price show us a bearish candle formation as we are at the good price for a short entry as we are at the daily pivot point. I would like to enter this at 1.5612. I would like tom take this down to the support zone as marked on the chart at 1.5521 to take profit. If you look at this chart it is really very bearish …..and yesterday trade worked great.
Thank you traders will talk soon…..William