LEARN TO TRADE LIKE MARKET MAKERS LONDON SESSION EUR USD SHO ~ forex news worth trading
LONDON SESSION EUR/USD SHORT
This London session EUR/USD short trade set up at the level . It did show the manipulation a little earlier than before London opened but was a valid trade since Frankfurt was open and they will do the manipulation during that time. Also known as the Frankie fake out. I do consider the entry more aggressive since London has not opened but valid none the less. I didnt take it on the initial pullback because it was the London open candle and it shot up to my price range in the first few minutes of the candle. I waited for a slower move a couple candles later just in case the momentum would carry it higher. Many members got in on the first pullback which is fine but in order to be confident that London wouldnt carry it higher I waited and got short at 1.2834.
After I took the entry I was looking to see that the initial manipulation move was confirmed with another set of candle patterns. Sure enough they showed the second set of legs and it was off to the races a couple hours later. My initial take profit was 50 pips but when I was moving my stop to break even I pushed it out a bit further to 65 pips was one of the most beautiful set ups.
Yes it did eventually hit the level I thought it had potential to test at 1.2734 but getting greedy will more often bite you in the butt rather than pay off.
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WANT TO GET THE PACKAGE FOR FREE? OKAY NO PROB SIMPLE SIGNUP WITH OUR PARTNER BROKER SIGN UP A LIVE ACCOUNT AND FUND YOUR ACCOUNT WITH MINIMUM BALANCE $100USD, EMAIL ME THE PROOF OF SIGNUP THAN YOU GET THE COURSE FOR FREE,
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