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Hello traders welcome to a new trading day. Traders today we really not going to see much price action as we have no data and we are in the holiday season. I have placed some trade plans below, Please trade a demo account, this is not the time to give your money back to your broker…..

Plan Your Trade and Trade your Plan !

OK traders let us take a look at the GBPUSD- This is the 30 minute chart.l have looked at this chart and we are looking for an pullback to the R1 pivot point at the price of 1.4952 and a bearish candle pattern and formation and enter the trade. I will then look for a take profit at the price of 1.4878 for a small 20 pip trade. No price action at this time we have to wait.

Thank you traders and we will talk soon….William

FX Instructor Forex Blog – For Traders, By Traders

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