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Today the Frankfurt opening gave us profiting opportunities in GBP/USD, Let’s see the report:
- MACD above the water line in 60m
- Price approaching Asian support and MACD divergence in 1 min. (Downside move)
- Double Bottom and Doji candle just after 7:00 GMT (Frankfurt Open)
- First entry opportunity after candle formation (aggressive)
- Price reverse and breaks the Asian channel connecting the previous swing highs
- Price bounces touching the previous resistance (now support) (Best entry opportunity, stop below previous swing low)
- Partial profit taking getting closer to the Asian resistance (orange line)
- Watch out Manufacturing PMI at 9:30 |
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