The hit rate of sells in the Frankfurt London session has been 9 out of 10 days in the last 2 weeks. So, kudos to you.
It is unusual to have that high hit rate, because it does not matter where the Franky opens, they just sell it from the nearest Asian high. If it open at the Asian low, they just sell it more during Franky.
I would have entered the sell on the pre high, if I was a seller. But I was a buyer, so I took the hit. I'm down on the day & week, but that's okay.
Well done @kemi price was going to eventually come to the option expiry at 1.1600. I like that you maintained your short bias and didnt run out of the trade when markets were pushing up
Today is another example, it does not matter where they open or the background of the news is, the Frankfurt & London just sells off as soon as it opens, it has been easy money for the sellers. Asian & US are mostly up.
Today is a bank holiday in EU & the US, so I'm not trading much, but it is worth paying attention. Most major trends start from Franky, and Franky is down in the past 2 weeks.
Interesting observation on the Frankfurt/London opens. Consistent selling pressure there while Asia/US hold up is worth monitoring, especially if major trends often spark from Franky.
Its a possibility, 1.1650 is where the last option expiry is and it coincidentally it also a previous days London session high. You may want to adjust your SL for breakeven
