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Hello traders welcome to a new trading day. I have looked at the charts and have to say we have some nice trade plans for today. Most of the trades are continuations of the trend. The key for today is patience and waiting for price to come to us……

OK so 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 that we look like we are breaking out. My bias remains bearish and looking to sell this as we are just below resistance at the 200 ema. My entry is price level of 1.5307. I am looking to take profit at the S3 pivot of price 1.5260 a nice 60 pip trade.

Traders remember we have data in the London session so be alert to that. Talk with you all soon…..William

FX Instructor Forex Blog – For Traders, By Traders

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