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Hello traders welcome back to another trading day.The charts are looking ok as we start another trading day. We do have plenty of data to be released today. We will have to be patient with our trades today and just enjoy trading Forex. well Greece voted for the bailout so the next several days will be interesting to say the least. Let us take a look at today,s currency pair EURJPY- This is another 1 Hour chart. Well today we have the daily chart is still bullish in the big picture.We have today is different as we have a bearish chart. I am looking at price now and we are sitting on strong support so I am waiting for the bounce above the daily pivot point and look to enter a buy trade at price level 135.76 with a bullish candle formation. I will then look to take profit at resistance at price level 136.70. Very nice trade if we can get price action to work for us.
Thank You Traders and we will Talk Soon ….William

FX Instructor Forex Blog – For Traders, By Traders

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