Frankfurt opened at 1.9610 I look a drop or rise for the next hour. The low or high for this hour is our Range price.
London Open: Once the London opens, we watch for a low or high spike of 25 pips or so, usually the opposite direction of the Frankfurt range price.
Once the Pound makes this directional move, watch for it to go back towards the range that the Frankfurt set prior to the London Open.
Once the Pound breaks the Frankfurt range (rather high or low) wait for it to close past it by at least 7 pips, then we make an entry in the direction the break happens.
Monarch
London Open: Once the London opens, we watch for a low or high spike of 25 pips or so, usually the opposite direction of the Frankfurt range price.
Once the Pound makes this directional move, watch for it to go back towards the range that the Frankfurt set prior to the London Open.
Once the Pound breaks the Frankfurt range (rather high or low) wait for it to close past it by at least 7 pips, then we make an entry in the direction the break happens.
Monarch