Hello traders welcome to a new trading day as we look ahead. Traders we have had a lot of data released yesterday and today we also have some to be released so please be alert to that. The charts today have many pullbacks from yesterday data and that is good for us and our bearish entry on all our pairs today, also be alert to data !!!!
OK traders I have to say this is a very challenging trade plan you will have to be on your best to get some good pips on this trade, OK let us look at EURJPY- This is another 30 Minute chart. Well today we are looking for a sell trade we have price just below resistance. I like to see this break out to the downside and a bearish candle as my bias is bearish. I am looking to enter at the price of 135.55. I am looking to take profit at support of the 200 ema at the price of 130.24. I do see the daily pivot and we should get a bounce at the level.
Thank you traders and talk soon…..William