Wednesday, February 11, 2015

London open trades

Just showing yet again to give an idea how often this sets up.

GBPAUD moves up from low of range to top of range around 1.9640 at London open (green line), see the red arrow up. GBPNZD and GBPJPY do the same suggesting GBP general strength. EURAUD has a similar move up suggesting AUD weakness as both GBPAUD and EURAUD moving up.

So I am happy that trading GBPAUD is good strength v weakness,

From here the next 1 min higher lows can be bought. The 1 min chart attached shows what might be my last trade for the day.



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