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Hello traders welcome to a new trading day. I have looked at the charts and all I am seeing is most charts had very little price action yesterday. There is little data to be released today so it looks to be another technical trading day. We need some good price action to get some profits today….

OK traders let us take a look at the trade plan for today at the GBPUSD- This is the 30 minute chart.l have say another currency pair with very little price action so the trade for today is very simple. We are looking for the pullback to the R1 pivot at the price of 1.5150 and a bearish candle formation for the sell entry. I am looking to take profit at the support zone as marked on the chart at the price of 1.5030.

Traders will talk with you soon….William

FX Instructor Forex Blog – For Traders, By Traders

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