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AUDUSD 30 Minute Chart Analysis

AUDUSD 30 Minute Chart Analysis
Friday, February 26th, 2016 @ 2:30 am by William Gilday

Screen Shot 2016-02-26 at 06.49.17

Hello traders welcome to a new trading day on a Friday. Traders I have looked at the charts and have to say yesterday price action was weak. Today we only have one high impact new release in the U.S session. We are filled with medium news releases all day. Be alert to that and it is the end of the week so we expect profit taking today.

OK traders let us take at look at the trade plan for today on the AUDUSD- This is the 30 Minute chart. I have placed resistance line on the chart, as yesterday trade plan worked to the pip. I am back to trading the trend and my bias remains bearish. I would like to enter this trade at the price of 0.7239. I do see the daily pivot and expect a bounce at that price zone. I am looking to take profit at the 200 ema that is strong support at the price of 0.7187

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

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