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Hello traders and welcome back to a new trading week on this Monday, We are excited to get started. We do not have a lot of data to be released today, German IFO and US Housing Starts. We have some FOMC speakers and the ECB President speaks at 11am on Wall Street.

OK we are looking at the EURUSD on the 30 minute chart as price is currently at resistance and we are Bias bearish, I am looking for a bearish candle formation and we can take this short. I would like to get in at the price of 1.1247 and tht is also the r1 pivot point. We have a nice ride down some support at the daily pivot and the 55 ema. I am looking to take profit at the support zone of 1.1131, this will give us a nice 4:1 ratio for this trade that is with the trend. I like this trade for this Monday good trading traders !!

Thank you and we will talk soon……William

FX Instructor Forex Blog – For Traders, By Traders

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