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Hello traders good to be back with you as we start a new trading day on this Thursday. Just a quick note we only have to high impact data to day, in Asia CNY and the U.S we have Oil Inventories. OK today we are looking at the EURAUD we can see the bias remains bearish and we are seeing a nice pull back and we will wait for our entry at the R1 pivot point and we can see this is strong resistance. We will need conformation of some indecision candles and we can make our entry. I am looking to take profit at the support zone at the price of 1.4539 for some nice profits.

Thank you traders and we will talk soon…..William

FX Instructor Forex Blog – For Traders, By Traders

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