FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Here is a clear example of price moving to
an area of discount before moving higher
and breaking the pervious day's high.


M.O.P = Midnight's Opening Price

The midnight opening price reprices the
forex algorithms discounted and premium level.

Since my analysis on UC was bullish I was anticipating
a move below M.O.P before entering the market.

Looking to buy at a lower level rather than a higher level.

Hope you learned and get to study this price action.

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