100 Pip Short IdeaFollowing on from my previous short idea we saw price move to around the 1.3120 price level with around a 30 pip pullback. My focus is now on price action going into London session with possible bullish action turing bearish around the 1.3140/50 level. I'm eager to see how this plays out but as always patience and timing is required. I wish you all well with your trading tomorrow and hope you all have a great weekend.
Londonsession
NZD/CHF buy scalp, trade the breakout.I told you I don't like to trade market open. NZD/CHF retraced to the 618, and also the 1.618 extension, on either a C wave or wave 3. Based on the price action I would expect it to at least make a further correction. Made a small diagonal. I would look to trade it up to high as the equal length extension meets and 38% retracement right above it. It's possible you could get more out of it. Also possible you get stopped out. Yay! Forex! LOL
WHAT IS THE BEST PAIR TO TRADE LONDON CLOSEDuring the US Session between 11 am to 12:30 pm EST is the London Close time range to trade. London Session ends and pairs will have a small reversal as they close out many of their trades. The EURUSD is the best pair to trade this strategy. 10 pip scalp trade.
GBPUSD London-Breakout longHi Guys, here we have a possible London-Breakout.
At the top we have a Major H4 Murrey Line, same at the bottom. Due to the fact, that the gbpusd made new higher highs yesterday, there is a good chance, that we might break this resistance with the help of the tight asia session.