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Today Asian support and resitance worked like a charm, again

Posted on June 11, 2009 at 5:23 in Market comments by David Aranzabal

Double top at resistance level gave us a short opportunity in EUR after the Frankfurt opening.
- Stop above the previous swing (Above the Asian ressistance).
- Targeting the Asian support, for a fast scalp of about 60 pips, depending of your entry. (There was 2 or 3 opportunities. See graph:

5 Responses to “Today Asian support and resitance worked like a charm, again”

on 12 Jun 2009 at 2:15 am1su25

Hi David
Today Jun 12, just before London open, Gbp/Usd had 3 short entry opportuities - (i) around hourly high of Asian session (ii) break of downtrend line from Asian session highs (iii) break of uptrend line from lows of Asian session. And, MACD was in divergence. Wondering whether you saw these opportunities too?
Thanks and regards
on 12 Jun 2009 at 2:47 am2su25

Hi David
The short trade would have seen 90-100 pips. And, a setup for long trade on break of 1.65 is on now.
Regards
on 15 Jun 2009 at 4:22 am3shaun

do u use stop loss? if u do, where u place those stops? because u need to take spreads into consideration
on 15 Jun 2009 at 5:00 am4David Aranzabal

Hi su25 and Shaun.

Thanks for your participation.
I´m sorry I’ven’t answrered before buy I’ve been rushing for the last days.
Just give me 24 hours to respond.
Thanks and keep posting !!!!
(I may not be able to post new articles today)
on 01 Jul 2009 at 7:02 am5David Aranzabal

Hi su25 and Shaun, I have sent you and email with the answers as you may not see this post (as its 2 weeks old), but some of the emails addresses are rejected, so I don’t know if you got the emails.

Thanks

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