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Hello traders good to be with you on this Friday August 19th… Weekend break ahead. Traders just a note oil is now above 48.00$ P/B so we will keep an eye on that. We had a U.S. close all markets in the green. Well today the daya to be released is very minimal the busy one is the CAD with releases in the U.S. session high impact other than that nothing for today all technical. OK traders we are looking at the GBPUSD because it had a small profitable run to the upside with some good data released this week. I am now looking to sell this pair as I am bearing bias. So we look at the chart and we are at resistance and I am looking for the sell trade to work out. Patience is the rule on this trade. I am looking to enter after a bearish candle formation at the price of 1.3162 or just a little lower. I am looking to take profit at the support zone of the 200 ema at the price of 1.3041.

Thank You Traders and we will talk soon after our weekend break….William

FX Instructor Forex Blog – For Traders, By Traders

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