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@cassidy_on_cable
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Cassidy Vane
@cassidy_on_cableTipSTANDARD2 comments12 likes15 views
London open pullback, simple as it sounds. Wait for the first directional push in the first 30 minutes, then let price pull back to a clear structure level before entry. You want to see the level hold, a rejection candle, and momentum starting to turn back in the original direction. Entry on confirmation, stop behind the structure level, target the next obvious area of interest, at least 1:2 on the risk-reward. Works well on GBP/USD and EUR/USD where the London move tends to have real intent behind it. Limitation though: if there's a big news drop right at the open, the 'structure' can get eaten alive before you blink, so know what's on the calendar before you sit down.
Trading involves risk. This content is educational and is not financial advice.
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