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Frankfurt opening working like a charm…Again

Posted on July 21, 2009 at 5:34 in Market comments by David Aranzabal

Today we had again a breakout session at the Frankfurt opening. Very easy setup and a tight stop, giving us a excellent risk / reward ratio.

GBP/USD: Bullish dollar sentiment at the European opening
Asian support breakout. We got 2 or 3 opportunitties to ride the wave as the price retraced nicely.
Partial profit taking and the final target was very clear and worked like a charm too: 50% Fib retr. from the previous leg up in 60m and Double zero, levels that work very often…..

2 Responses to “Frankfurt opening working like a charm…Again”

on 21 Jul 2009 at 7:31 am1Ali R. Gunes

Hi David,
Thanks for your educational posts. May I ask which charting package or program are u using?
on 22 Jul 2009 at 6:23 am2David Aranzabal

The charts you are watching on my videos and reports are MarketScope from FXCM. I use Visualchart and ProRealTime as well.
Thanks for posting !!

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