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From resistance to support, and from support to resistance…

Posted on November 11, 2009 at 6:54 in Technical Education by David Aranzabal

After yesterday’s nightmare at the European opening (very difficult session for trading yesterday), today the market behaved as expected on a day full of economic reports (9:30 and 10:30 GMT). From Asian resistance to Asian support, and from support to resistance again.

2 opportunities to trade the range at the European opening, a very profitable pattern that happens on this market very often.

See the charts for more details:

2 Responses to “From resistance to support, and from support to resistance…”

on 11 Nov 2009 at 7:28 am1Deb S.

I trade mostly Gbp/Usd around the London open, so really enjoy your posts. I use the 15 min chart, have not allowed myself to go all the way down to the 1 min. It is interesting to see that the technicals work on the 1 min as well. Thanks for sharing your trading style with us.
on 24 Nov 2009 at 3:01 am2David Aranzabal

Hi Deb,
Sorry for the delay but I’ve just seen your post now. I’m glad you trade mostly around the London open, it’s the best time for Forex Trading. Everyone uses the system that fits on his personality. Trading on the 15 min charts is great (less stress :). But 1m chart in Forex at this time of the day is just fantastic !!

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