Hello traders welcome back to a new trading day. So this is NFP week and today we have a lot of data being released in London as well as the Asia session. The data in Asia from the Aussie was negative with mixed reaction. We have some charts that are really going to challenge us today so be alert…..
Ok so let us take a look at our currency pair for today the AUDUSD- This is the 30 minute chart.This is the 30 minute chart.This pair continues to be bearish. There is data in Asia today for the Aussie and it will be after this is taken. I only want to sell the AUD, so I am willing to wait for this to get below the 200 ema and look for a bearish candle at price level 0.7313. I am looking to take profit at the S3 Pivot as marked on the chart at price level 1.7268. Please do not enter any trades until the data is released and about 30 minutes later for the data to settle down. The Data came out and was not good however a minimal reaction to the data no change needed to our plan.Thank you traders and talk soon… William
