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1, 2, 3… Frankfurt to London = 100 pips

Posted on May 26, 2009 at 5:29 in Market comments by David Aranzabal

Today we got an amazing opening at the Frankfurt opening in Cable. The setup was very easy and It’s been a pattern that shows up very often in Cable (This month several times, even yesterday again…). Let’s review the setup:

- 60 min. Topping formation (4th top).
- Just at Frankfurt opening, price touches the 60m resistance level 1.5950
- Price reverses and goes straight forward for 100 pips, bouncing at yesterday’s low
- Price breaks ascending trendline.

Cable 60m

Cable 1m

2 Responses to “1, 2, 3… Frankfurt to London = 100 pips”

on 26 May 2009 at 9:39 am1su25

Hi David
Can you please post a chart depicting similar trade setup at NY opening?
Thanks
su25
on 28 May 2009 at 2:07 am2David Aranzabal

Hi su25,

Thanks for your participation.
This week I’m quite busy but I’ll try to post a trade setup at NY opening next week.
Regards

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