Hello traders welcome to a new trading day as we look at the end of our trading week. Well today is the NFP data release and anything can happen. I would suggest to stay on the side and trade a demo account, as you can see what data can do like yesterday price action.
OK let us take a look at the EURJPY- This is another 30 Minute chart. Well today we are looking for a sell trade we have price just below resistance. I like to see this break out to the downside and a bearish candle as my bias is bearish. I am looking to enter at the price of 135.69. I am looking to take profit at support of the 200 ema at the price of 131.31.
Thank you traders and we will talk soon, have a great weekend….William
Remember Traders to Trade Safe and Trade Smart !