Hi Folks.
Lets take a look at what the market is telling us this morning.
Frankfurt open at 07.00hrs BST Gbp/Usd who is in control of the market from the get go ?
Well the market moved lower at the open so we could say that sellers are in control, now as long as the price stays below this opening price we should look for sell opportunities.
However, as soon as the market breaks out above the opening price all shorts should be trimmed & we should now be looking for buy opportunities until the next market open at 08.00 BST.
It might be worthwhile investing in a book called "The Logical Trader" written by Mark Fisher, this covers opening range breakout trading.
Regards,
BabeFX.
Lets take a look at what the market is telling us this morning.
Frankfurt open at 07.00hrs BST Gbp/Usd who is in control of the market from the get go ?
Well the market moved lower at the open so we could say that sellers are in control, now as long as the price stays below this opening price we should look for sell opportunities.
However, as soon as the market breaks out above the opening price all shorts should be trimmed & we should now be looking for buy opportunities until the next market open at 08.00 BST.
It might be worthwhile investing in a book called "The Logical Trader" written by Mark Fisher, this covers opening range breakout trading.
Regards,
BabeFX.