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. I do have to mention that a lot of the trades that worked very nicely yesterday had no pullbacks. Remember this is an analysis so we must be in front of the charts to get the entry . OK so let us take a look at the EURJPY- This is another 30 Minute chart. Well today we are looking to sell this pair. The daily chart is still very bearish and as we are in Asia the price action is sideways as we would expect. I am looking for a break of the daily pivot point and a retest now that comes resistance and we can sell this at price of 133.98. I am looking to take profit at the support zone that is marked on the chart at the price of 133.24. This is a nice simple trade.
Traders have a good trading day and we will talk soon …William