-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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