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Hello Traders good to be with you I have a change today as we are looking at the higher time frames today as we have a 4 hour chart. I am looking for a pullback to the 1.1280 price level and look to take another short as I feel this is going to continue to stay in the trend to the downside. I have placed a Fibonacci on the chart as you can see that I am looking at the 61.8 level and looking for price action to work for us. Then I am looking for a take profit at the support and about 100 pips at the price of 1.1162 price level. I am willing to have a position trade that I could be in for a long time maybe 3 months as the summer will be interesting and we see what the ECB does at there next meeting.

Traders thanks for being with me and we will talk soon….William

FX Instructor Forex Blog – For Traders, By Traders

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