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Hello traders welcome to a new trading day. So we have looked at the charts and I have to say I was a bit surprised on the amount of corrections I have seen. We can not take the focus off the big picture and the daily chart. We must stay with the trend. This kind of price action can really make you crazy if you let it, sit on your hands and let price come to you. OK so let us take a look at the GBPUSD- This is the 30 minute we are looking at the daily chart and again this looks like a correction as the daily chart is very bearish. This chart is at resistance and I have placed a trend line on the chart I am looking for price to break that and give us a retest and look to sell this at price of 1.5388. Be alert to the daily pivot as we go for our profit zone at the daily S1 pivot at price level of 1.5303. Look like a nice trade, This could fib and continue long so be alert. Traders have a good trading day and talk soon….William

FX Instructor Forex Blog – For Traders, By Traders

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