Forex Technical
Time Changes and Strategies
March 15, 2010
Jose Tormos - FXMVP
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Chart Analysis
Hello traders, due to the recent time change the London breakout strategy was placed at 4am instead of 3am. As you can clearly see on the chart to your right the GBP/JPY 60 minute time frame broke out bearish over 100 pips. If for whatever reason you missed out on the initial breakout please see the chart below to see how entries on a smaller time frame were visible along the way.
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Chart Analysis
Here on your right is the GBP/JPY 10 minute time frame which can provide multiple entries for the day traders throughout the day. According to the chart above the breakout was over 100 pips. As you can see the 10 minute chart provided many entries that were all correct such as tweezer tops, dark clouds, and evening stars to take advantage of before the market ran out of energy to continue its fantastic bear run.
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