Hello traders welcome to a new trading week, as this week is short with the US holiday on Thursday. I see that JPY is on a holiday today as well and there is data out throughout the London and US sessions. We have some good trade set ups today. The charts are looking good and we have some nice trade plans for you today.
Plan Your Trade and Trade your Plan !
OK as we always do on a Monday we look at the EURUSD- This is the 30 minute chart.This is the 30 minute chart.l have say the trade on Friday worked very well. Today we are looking for that Fibonacci pullback to the 23.6 Fib level and see if we can find a bearish formation and short this at the price of 1.0656, I like we have resistance just above this with the daily pivot and the 200 ema. I am looking to take profit at the support area of about the 1.0619 price level.
Thank you traders and we will talk with you soon…. William