In most large gaps such as this one at first of the weeks.
Prices tends to fill the gap and go forward again.
There are different explanations for this phenomenon. Some say institutions wants to fulfill their orders and some others say this is just normal fluctuations because of people assuming that price of an assess (or a pair) is so higher/lower than previous week.
After all, we just want to make money and as long as our strategy works, we almost don't care about explanation a market move!
The second touch accompanied by a great bullish move.
According to my long-term surveys and by take the scientific method of probability calculations, there is a roughly chance of 40% to 50% that this trade be a wining one.
Regarding it's R to R ration it does worse to try.
Prices tends to fill the gap and go forward again.
There are different explanations for this phenomenon. Some say institutions wants to fulfill their orders and some others say this is just normal fluctuations because of people assuming that price of an assess (or a pair) is so higher/lower than previous week.
After all, we just want to make money and as long as our strategy works, we almost don't care about explanation a market move!
The second touch accompanied by a great bullish move.
According to my long-term surveys and by take the scientific method of probability calculations, there is a roughly chance of 40% to 50% that this trade be a wining one.
Regarding it's R to R ration it does worse to try.
Trade active
Trade closed: stop reached