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Hello traders welcome to a new trading day. So I have looked at the charts and there was little price action yesterday and we have little to work with. The trade plans are just a guide today and you will have to be alert to data as it is released.

OK now let us take a look at the currency pair of the day witch is the GBPUSD- This is the 30 minute chart.I have to say the pivots are very tight today as we had minimal price action yesterday. The plan is we break this trend line to the downside and a retest for an entry price of 1.5345. I would look to take profit at the S1 pivot and daily pivot at the price of 1.5310. That gives a 30 pip trade.

Thank you traders and talk soon……William

FX Instructor Forex Blog – For Traders, By Traders

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