Hello traders welcome to a new trading day. I looked at the charts today and see that there was very little price action on most of the currency pairs. Traders I have looked at the charts and I have to say I am really have the scalp hat on as we do not have data until the U.S session and London is a technical day. Please trade a demo account until the new new with this low volatility as traders are waiting for the FOMC next week.
Plan Your Trade and Trade your Plan !
OK traders let us take a look at the
EURJPY- This is another 30 Minute chart. We have a chart that has pulled back and you can see I have placed a Fibonacci tool on the chart as we are at the 50 % at the price of 133.37 and a great place to take the short trade. I am looking to take profit at the support at the price of 132.82. This could really be a nice trade if price action works with us.