Hello traders welcome to a new trading week. Today we have JPY on holiday. Make note that we have a very light news day and the only high impact is existing home sales out of the U.S. in the U.S. session. The charts are looking as they did on Friday minimal price action, so the trade plans are a continuation and we need to wait for price to come to our entry……
OK traders let take a look at the trade plan for the EURUSD- This is the 30 Minute chart. Today I see on this Monday we are continuing to be at resistance and a very slow move down. I am looking for an entry at the price of 1.1269 after we get a bearish candle formation. I would like to take profit at the 200 at the price of 1.1206. If price contuse down take profit at the next support zone as shown on the chart.
Thank you traders and talk soon …….William