Hello traders welcome to a new trading day. I have looked at the charts and have to say we have some nice trade plans for this Monday with no data releases today of high impact. Remember I always look at the higher time frames for the trend of the pair for my bias. Traders have a good trading day.
OK let us take a look at the EURUSD- This is the 30 Minute chart. Today we have a looked the daily chart and it is still sideways and bearish. This makes this trade hard to figure out as we have placed a range at the resistance zone and I am looking for this to go back to the top of the range at 1.1342 and look for a sell entry. The other option is wait until this breaks out of the range and gives you a retest. I am looking for a take profit at 1.1320.
Traders remember this Monday we have no high impact data today so it will be an all technical trading day, Thank you traders and we will talk soon……William