Screen Shot 2015-10-06 at 07.25.02

Hello traders welcome to a new trading day. I have looked at the charts and have to say it looks like we are just continuing the trend. We have data for the rest of the week and please be alert to that. The trade plans really look good.

OK let us take a look at the GBPUSD- This is the 30 Minute chart. I see we are bearish on this chart, so I looked at the daily and see it is bearish. I am looking for price to pull up a notch and get to our entry price of 1.5162 and we can go short with minimal drawdown. I am looking to take profit at support of the S1 pivot at price of 1.5111This looks like a nice trade good to see this pair on the move.

Thank you traders and 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.