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Hello traders welcome back to a new trading week. I have looked at the charts and we have some nice trade plans today. There is no data today so it could be slow price action today. I do like technical trading days. OK so let us take a look at the EURUSD- This is the 30 Minute chart. Today we are going to countertrend this pair as this chart is bullish. I have placed the Fibonacci tool on the chart and looking for a 61.8 pullback at a price level 1.1328. I will then look for a bullish candle formation to place a buy order and would like to take this to the R1 pivot at price level 1.1371this could be a nice 50 pip trade.

Thanks Traders !!! William

FX Instructor Forex Blog – For Traders, By Traders

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