Hello traders welcome to a new trading day as we look ahead. Traders we have had no price action yesterday and all the trade planes are the same as you can see in the charts below. I expect the same today with a little more price action. Again traders trade a demo account until Monday when the markets are back to normal volatility. We have two news of high impact in London session today. The rest of the day is all technical trading.
OK traders let us look at the EURUSD- This is the 30 Minute chart. Today we have a very easy trade. We are at a nice place as we are just under resistance of the daily pivot and I am looking for a bearish candle to short this. I would like to enter at 1.0616. I am looking to take profit at support and also the S1 pivot at the price of 1.0568
Traders this chart speaks it all. Have a good weekend break and talk soon….William