Today we had a very tricky session at the Frankfurt - London window, as the price in GBP /USD retraced almost all the way down the previous leg up, so if you didn’t entry at the very beggining of the trendline broken, you were stoped out. Let’s review the trade:
- Price reaches the Asian support and gets rejected
- Price breaks the descending trendline. (entry opportinity). Stop below the previous swing.
- Partial profit taking at Asian resistance level. Let the rest run.
- Very tricky, price pulls back very strongly
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