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Hello traders welcome to a new week as we start the week with a U.S holiday, as I always say trade a demo account today and be smart. Traders I have looked at all the charts and there are some nice entry, however this is Asia and there is no data today to move price action so please be alert to that.

OK let us take a look at the trade plan for the EURUSD- This is the 30 Minute chart. Today we are looking at a chart that is still bearish on the higher time frames and I see as we are in Asia that we are ready at the price to enter the short trade. I will wait for the London open to enter at 1.0912. I am looking to take profit at the 200 ema and the daily pivot point at the price of 1.0873 for a 40 pip trade.

Thank You Traders and will talk with you soon……William

FX Instructor Forex Blog – For Traders, By Traders

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