@tradewonk, Dude I don't disagree with your analysis of supply demand and support and resistance. In fact everything you said was written about in books over 80 years ago.by Richard Schabaker and Edwards and Magee in their now classic books. (Look them upon Google). So you are preaching nothing new here (only to the amateurs maybe). What I do disagree on is the fact that you and a a whole lot of other traders on this site trade support and resistance and supply demand (same damn thing actually) as if they will hold! You always need a price confirmation such as a higher ascending bottom or a lower descending top depending on whether you are going long or short. And then you need a momentum thrust above/below those points. This is all explained in the outstanding book by William Dunnigan "The One Way Formula" I would suggest you read it and become enlightened to the way the market really works.
Ty for ur advice, but i got a Question: on the Second reason, which u have stated " it the price hit the zone (Monday Morning) " Did u refer to ur current time zone of where u live, or the time zone from the pair of ur trade?
@Khobi7, no just a normal big news, that moves the prices in a not normal way. You can see my example, i didn't even know what kind of news it was, but just by looking at the candle and how fast it moves, i could see that it was a big news.