DislikedThese are simple trades. If price has broken through resistance/support and the higher TF's are supporting a further move in that direction, look for a retest of the breakout area. I prefer it if the retest coincides with a fib level but this one didn't, it was with the 50 ema but without a great angle. It came up to the 50 fib and then belted down. My stop was below the 61.8% fib level.
The driver here were the H1 and H4 TF's that had a very bearish look to them.Ignored
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That is why I love frankfurt/london open ( Frankfurt try to break yesterdays high ). All we have to do is be there on time, choose right pair and place to trade in order to reduce our risk to minimum.