Hello traders welcome to a new trading week. Well I have to say we have a very assorted bunch today as our trade plans are staying with the trend and the reaction from NFP is mixed across the board. There is no data today so it will most likely be a slow technical trading day. I expect some profit taking from Asia as they were closed when the numbers were released.
OK traders lat us take a look at the trade plan for today NUZUSD- This is the 30 minute chart. l have say we are just going to continue the bearish trend. I am looking for a pullback to the 38.2 Fibonacci level at the price of 0.6577 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 0.6516. I have to say this pair really reacted very well to the NFP number from Friday and our trade from then would have worked great.
Plan Your Trade and Trade your Plan !
Tank You Traders Talk Soon….. William
FX Instructor Forex Blog – For Traders, By Traders
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