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Hello traders welcome back to a new trading day being a Friday. I have looked at the charts and most are doing what price action we are looking for. We have very light data today and remember it is Friday so watch for traders to take profits. I recommend not to keep trades over the weekend as we have CNY data be released. So let us take a look at our currency pair for today witch is the NUZUSD- This is the 30 minute chart. Traders this pair is on the daily chart is being rejected off of a small resistance level so I am looking for this pair to continue the bearish trend. The trade plan for today isa Fibonacci pullback to the 50% price level and there I will look for a bearish candle and look to enter at 0.6615. I am looking to take profit at previous support at price level 0.6571. Yesterday the trade worked well and hit our take profit as the entry was little hard to catch. Traders have a great weekend break… Talk Soon …William

FX Instructor Forex Blog – For Traders, By Traders

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