536# Forex Market Open Trend
Open Trend Market Watch
Submit by Mike Trader 15/02/2014
Forex Market open trend is an intraday forex system trend following based on the levels of the opening market.
Time Frame 30 min and 60 min.
Forex Markets: EUR/USD, GBP/USD, AUD/USD, USD/CHF, GBP/JPY, USD/NZ, EUR/JPY, and other. Indicies: S&P 500, DAX, FTSE. Metals: Gold and Silver.
Daily- weekly open indicator,
Rules for Forex Market Open Trend
Price above Daily- weekly open indicator,
Green ArrzzX2 support,
Market Watch green bar.
Price below Daily- weekly open indicator,
Red ArrzzX2 Resistance,
Market Watch red bar.
Exit Position options
At the opposite arrow or with predetermined profit target that depends by currency pair.
Initial stop loss at the previous swing.
In the pictures Forex Market Open Trend in action