GBP/USD Buy Setup at the Frankfurt Open
Time Frame : M15
Conditions it must meet:
At the Frankfurt open check that
Price created a sideways boxed tight range the m15 chart.
Price did not retrace more than 38%. Preferably stayed sideways as shown in the picture on the m15 chart to the left
Look for a breakout long. Tight SL 2 R target.
What violates the signal?
If price created a deeper pullback Wave 4 down. or price continued to go up without creating a range during Asian session. then it's void.
Conditions it must meet:
At the Frankfurt open check that
Price created a sideways boxed tight range the m15 chart.
Price did not retrace more than 38%. Preferably stayed sideways as shown in the picture on the m15 chart to the left
Look for a breakout long. Tight SL 2 R target.
What violates the signal?
If price created a deeper pullback Wave 4 down. or price continued to go up without creating a range during Asian session. then it's void.
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