Hello traders welcome to another exciting day of Forex trading. We have had the FOMC release the minutes and the markets did not like it. WOW the FOMC release really made today a challenging day as we need pullbacks and entry to stay with the trend. Be Alert…..OK so for today we are looking for all the pairs to get back in line and a perfect day to do it as there is no data worth anything. OK let us look at AUDUSD- This is the 30 minute chart.This is the 30 minute chart.This pair continues to have a bearish bias and this long move is all data movement. So traders we are at resistance and I am looking for the bullish candle formation for the sell entry. The price level I am looking at is 0.7361. I am looking to take profit at the S1pivot and it is very possible we will get a bounce at the daily pivot. The take profit I am looking for is the S1 pivot point at price level 0.7318.Thank you traders and talk soon …William
