Hello traders welcome back to a new trading day. I have to say after looking at the charts I like what I see and the trade set ups really look good. Traders be aware of there is no data today again so an all technical day. So the issue today that is of main concern is no data to be released and we have to make sure we enter trades only in active times of the market. OK so let us take a look at the GBPUSD- This is the 30 Minute chart. I have placed the Fibonacci tool on the chart and looking for a pullback to the 61.8 at price level 1.5542 and look for a bearish candle formation to sell this back down to support. I am looking to take profit at the price of 1.5505.
Traders have a good trading day and talk soon ….William