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Hello traders welcome back to a new trading quarter and a new month. Well I have looked at the charts and a very mixed view today, as I feel we can get some good trades in today patience is the key. The entry is vital as some of the entry prices are only 20 pip trades. Please be alert to data for the next two days. Safe trading my friends……
OK so let us take a look at this EURUSD- This is the 30 Minute chart. Today we have a good set up as yesterday trade plan worked very well again as it remains in the bearish trend. I have placed the Fibonacci tool on the chart and looking for a 38.2 pullback that is resistance also has the daily pivot point at that price. Here I am waiting for a bearish candle formation and I will enter short trade at price of 1.1204. I will look to take profit at support at price of 1.1164

Thanks you traders and talk soon…..William

FX Instructor Forex Blog – For Traders, By Traders

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