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Hello traders and welcome to Friday the end of the month. We are looking at several charts as we focused in Asia on the CNY Caxin release and no movement in the market. OK so I am looking at the EURAUD trade today as my bias is bearish and all I am looking for is the opportunity to sell this. We look at the charts and you can see we have reached resistance and has tested this level without success. I am looking for a bearish formation and would like to enter this trade at the price level of 1.4718. There is a second entry at the price level of 1.4687. I am looking to take profit at support at the price of 1.4564.

Thank You traders ansd we will see you after the weekend break…..William

FX Instructor Forex Blog – For Traders, By Traders

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