Hello traders good to be back with you. Just a couple of notes Gold continues to rise as Oil takes a dip below 48.00 P/B. Minimal data today so today it will be a technical trading day.
OK let us take a look at the currency pair for today the EURJPY. I found this pair interesting as most dollar pairs are on a run and no trade plan early in Asia session. I am looking for an aggressive pullback to the 200 ema that is resistance and sell this at the price of 112.96. I do see that this trade plan might not happen today and we might have to wait 24 hours as there is no data to move price. When we get the entry we are looking to take profit at the support level of the S1 pivot at the price of 111.92. This is a nice trade plan with a possible 90 pip profit if we can get price action to work for us.
Thank you traders and we will talk soon……William