Hello traders welcome to a new trading day. So today I do not expect a lot of price action as I feel traders are just waiting on the FOMC and that makes our trading difficult so what to do… I suggest use a demo and or just not trade. You can place the scalp hat on if that fits your style. Good Trading ….So this look like a very nice trade off resistance. Let us take a look at NUZUSD- This is the 30 minute chart. Traders this pair is bearish on the daily chart. Today we have price at resistance and that is great. I have been waiting for this to happen as all I want to do is sell this and we are at an opportunity just to do that. I have placed a resistance line on the chart and would like to see a bearish candle formation and sell this at price of 0.6357. I am going for the big one and looking to take profit at the S1 and 200 ema at price level 0.6312. I see the daily pivot and I do expect a bounce there so be alert to that. Nice trade set up.
Thanks traders and talk soon…. William