Learn the strategies you may need for profiting in Forex with 
Usually we see big moves at the Frankfurt - London Window, but today the move started 15 min before (It happens some times…) so if you didn’t catched the breakout, you may lose the move, as the price didn’t retrace too much.
The upside move stopped at 1 week resistances (as expected as the market has been in range for 1 week), so that was a good level for taking profits.
Anyway, it was a more than 70 pips upside move in 1 hour on EUR/USD. No too bad… !!
See the EUR/USD graph for more detail:
Yes, David,
today at 7.30 a.m. Madrid time GBP/USD has made a quick drop down to daily Pivot, 1.6300.
Untill 8.10 a.m. it has moved up 100 points up to 1.6400 , which is R1 Weekly.All roun numbers.
I have missed this move, so I waited for the confirmation, that usually occur, if the trend is approved for today.
At 11 a.m. it has retraced to his low Asia session channel and made a Doji from 1.6335, which is at the same time monthly Pivot.I think in this way that the uptrend for these hours has been confirmed.
Hi Swana,
Thanks for sharing your view. I’m glad we are finding the same levels with deferents strategies. Actually I didn’t check out that 1.6400 was R1 Weekly. It worked fine for some hours, before the final breakout.
Thanks!!