Hello traders welcome to a new trading day. So I have looked at the charts and and I have to say minimal price action yesterday. I feel traders are waiting for the FOMC statement in the US session, not that they are going say anything different. So traders it could be a very slow London session and very little data until US session. Today we must be patient traders…..
OK let us look at the currency of the day as I feel this is a nice trade plan. So let us go to the NUZUSD- This is the 30 minute chart. Traders I would like to see a pullback to the 200 ema and a bearish candle formation for the sell trad at price of 0.6768 and sell this. I am looking to take profit at the support zone and S2 pivot as marked on the chart at the price of 0.6726.
Thank You Traders and talk soon… William