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AURUSD 30 Minute Chart Analysis
Hello traders good to be back with you on a Thursday. Well I have to say I have been at my charts from the Asia session. This pair had data and was within expectations and this took off more than 70 pips and has not retraced as of 2 hours into the London open. So let us take a look at what we are going to do with this pair. This has been in a range for a very long time well since Asia. This pair is still bearish on the daily chart so I am expecting this at some point to fall off. The big issue is we have major data in the NY session and I do not want to be in any trade until this is released. I have placed a trend line on the chart if this will just break it now we will have 3 hours to data and we can hope to be break even. As you all can see the R2 pivot is also on the chart as support. So what am I saying this is a good learing chart. Do NOT trade this till after the data and all this support and junk is clear. I would expect a good trade 90 minutes into the NY session. Thank you traders Talk Soon….. William
Source: http://www.fxinstructor.com/blog/aurusd-30-minute-chart-analysis
