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April 5th, 2017 @ 6:30 am by William Gilday

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Hello traders and good to be back with you today. I am looking at the EURUSD for a possible sell trade as we can see on the chart we are at resistance. I have placed a trend line on the chart and I am looking for this to break the trend line and a possible retest. I would like to enter this trade at the price level of 1.4090 just below the 1.4100 level. we have some nice wide open space to start the trade and I would like this to move down. I would like to take profit at the support take profit zone of 1.4010 for a nice 80 pip profit if this works out for us today. Data is moderate so we really have a technical trading day.

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

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March 30th, 2017 @ 6:40 am by William Gilday

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Hello traders we take a look at the EURAUD for a possible short trade. OK let us take a look at the chart, as we can see we are not getting much price action so far today. So we are looking for a pull back to the zone of the 50% Fibonacci level with a possible entry of 1.4095. I will place my stop at the price of 1.4110. I am looking to take profit at the support at the price of 1.4020 for a nice 70 pip trade. I looked at this trade in Asia and now just starting to move to my entry point.

Thank you traders and we will talk soon…William

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March 28th, 2017 @ 5:35 am by William Gilday

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Hello traders good to be with you as we look at the EURJPY for a possible short trade. OK let us take a look at the chart we are looking for a pullback to the 50% Fibonacci level at the entry price of 120.50 with conformation. We will look for some weak candles sticks as we expect the bulls to become weak. The trade down is not going to be easy as the price action left of the chart is full of junk so be patient with this trade. we would like to take profit at the support take profit level of 119.45 for some very nice profits. I would consider to place my stop at the price level of 120.75 for a 25 pip draw down.

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

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March 24th, 2017 @ 8:27 am by William Gilday

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Hello traders as we take a look at the AUDUSD 60 minute chart. When i looked at this I really like the aggressive sell off and I am looking for a short trade. I would like to see this pull back to the 38.2 Fibonacci level at the price zone of 0.7660 with a bearish candle formation. At that point I will place my sell entry. I am looking for this to come down to the support take profit zone as marked on the chart at the price level of 0.7590. The issue is we are far from our entry and this might take the US session for this trade to enter.

Thank you traders have a safe and happy weekend break we will talk soon……William

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March 22nd, 2017 @ 9:00 am by William Gilday

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Hello traders and great to be back with you as again we look at the EURUSD on a 60 minute chart. traders as you can see we have just had this bug up-moves yesterday and that leaves us at resistance and a good opportunity for a short trade. Traders we are looking to get in this trade at the price level of 1.0805 , I will tell you I entered this trade late in Asia and really has not moved much I am looking for the London session to help me out. I am looking to take profits at the 1.0745 price level for some nice profits on this trade, I expect to be in this trade up to the NY session lunch.

Thank you traders and we will talk soon…William

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March 21st, 2017 @ 7:50 am by William Gilday

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Hello traders we take a look at the GBPUSD on the 60 minute chart. Well I see a great opportunity for a short trade as I have placed a trend line on the chart and I look live I see we have broken through and have retested this. I am looking for an entry at the price level of 1.2357 and a stop placed at 1.2414. I am looking for a nice ride down to our support and take profit zone at 1.2253.

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

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March 20th, 2017 @ 7:28 am by William Gilday

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Hello traders good to be back with you on a Monday as we do ..We look at the EURUSD on the 60 minute chart. OK what we are looking at is the EURUSD is at resistance and we are looking to short this pair. I am looking for an entry below the trend line for an entry at the price of 1.0733.I am looking to take profit at support and the take profit zone at the price of 1.0630. As I posted this I can see price is continuing to clinb so please be patient and do not chase price….

Thank you traders and we will talk soon……William

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March 17th, 2017 @ 6:25 am by William Gilday

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Hello Traders good to be back with you as today we look at the GBPJPY 60 minute chart. Well to start I am not trading a USD pair today as I am waiting until Monday when the market settles after the Fed and interest rate decision. Ok let us take a look as we can see this pair is at resistance and we are just below the physiological level of 114.00. I am look at a trend line break to the downside and a close below and a possible retest of the trend line but not needed to make our entry. So I am looking to enter the trade at the price level of 139.75 as marked on the chart.We are looking to take our profit at the support price level of 139.20 for a nice 50 pip trade if this works in our favor.

Thank you traders and have a safe and happy weekend, we will talk soon…..William

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