Hello traders welcome to a new trading week. I have looked at the charts and all I am seeing some good trades as we have some data releases today as again ECB president Draghi is speaking again today after the London open. Just be alert to your trade plans and trade them. If you do not take trades you can not make pips…….
OK traders let us take a look at the trade plan for today on the EURUSD- This is the 30 minute chart. This pair is looks to have some price action yesterday as we are now heading up to the resistance. I would like to see this get as close as possible to the 200 ema and enter the sell trade at price of 1.0742. I also like that we are at the resistance line at the same time. I am looking to take profit at the S1 pivot point and the support zone as marked on the chart at the price of 1.0703. Traders you can see how bearish this pair is and just continues the down trend.
Thank You traders we will talk soon…..William