Screen Shot 2016-10-19 at 14.18.28

Hello traders good to be back with you as we are looking at the EURUSD on the 60 minute chart. This pair remains very bearish and just water falling down for a long time. I have placed a Fibonacci tool on the chart of the previous swing. I am looking for the pullback to the price level of 1.1020. Traders I will not counter trend trade this on the pullback, the price action is very unstable. When price gets to the entry price I am looking for a bearish candle and we will sell this. I am looking to take profit at the support price of 1.0985. This is an London session trade and I am looking to exit some time before the N.Y. lunch.

Thank you traders and we will talk soon……William

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.