-Trading can be daunting sometimes especially when you are a newbie. However, when you spend enough time in the markets, its easy to see recurring patterns and anticipate them effectively. Maybe profit from them consistently.
-An example of such is the observed i made from EURUSD like in the chart above.
-Notice how price is usually ranging as though creating some sort of support/resistance immediately after 1pm Est all the way up to London open.
-It's like volume dies out after 1pm Est only to recover an hour before London open. I find it worth noting this concept as it is especially during London open that you will grab your first EURUSD trading signal for the day.
-From the chart you can see that a lot of reversals or trend continuation signals print in the first hour of London Open. A trader can wait for a good signal to print then then jump in accordingly and ride the trend easy from there.
Enjoy your trading.
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-An example of such is the observed i made from EURUSD like in the chart above.
-Notice how price is usually ranging as though creating some sort of support/resistance immediately after 1pm Est all the way up to London open.
-It's like volume dies out after 1pm Est only to recover an hour before London open. I find it worth noting this concept as it is especially during London open that you will grab your first EURUSD trading signal for the day.
-From the chart you can see that a lot of reversals or trend continuation signals print in the first hour of London Open. A trader can wait for a good signal to print then then jump in accordingly and ride the trend easy from there.
Enjoy your trading.
If you find this concept valuable, please leave a like and subscribe for more contents like this.
-If you take a closer look at the same London open spots on the 4H chart, you may notice the trend also took the direction with which the first 4H close after London open took.
-It added more confirms to the trend.