Hello traders welcome to a new trading day. I have looked at all the charts and I am seeing some good continuation of the trend as most of the trades from yesterday worked well. Traders we must stay alert as the next two days there is a lot of data to be released.
OK let us take a look at the day currency pair that I feel is bearish, However has a lot of data to be released in the London session so please be alert to that. OK let us look at the trade plan for the GBPUSD- This is the 30 minute chart.l see we are at a prime price level at resistance the daily pivot, the issue is we are just above the 200 ema. So we have two entries today the first being aggressive and sell at 1.5381 and the second is at price of 1.5367. I prefer the second entry much safer trade. I am looking to take profit at the price of S3 pivot 1.5267. This could be a good trade as we have data on this today and if the numbers come out weak we are in good shape.
Thank you traders and we will talk soon……..William