Hello Traders!
As you can see this was last weeks trading range.
Open, High, Low, Close
Sunday Opening Price is drawn out to Friday
We knew heading into this month that DXY was bullish and GBP was bearish (sessional tendencies).
As I say as usual the high of the week when bearish will form either on Monday, Tuesday, or Wednesday
(I personally favor Tuesday...
Hello Traders!
We know that these markets are not random and have an algorithmic structure to them.
Sunday Opening Price is important to keep in mind when day trading or swing trading.
Each new trading week the market will reset its oversold and overbought levels.
S.O.P (Sunday opening price) allows us to see those levels WITHOUT INDICATORS!
Anything above...
I have mentioned several times in my post that when a pair didn't reach its minimum range based on the 20-day average daily range, the market will compensate that "pips shortages" in the following day, in two or three days or the following week.
These small ranges are more common in a flat market, where it is in an accumulation phase. "Ranging market begets...
