Hello Traders!
As we can see price swept last weeks high and has quickly displaced lower.
Why is that?
Whenever price runs a significant high or low that gives smart money the opportunity to short or long.
However, they will do it during certain times of day and during news events.
I do not want to see price return back to SOP and stay above it by the tomorrow's New York Open.
London Close I would look for opportunities of the market capping its range expansion(making high or low of the week).
If price has also reached the 3 day average pip range I would expect less movement by the weekly candle.
As we can see price swept last weeks high and has quickly displaced lower.
Why is that?
Whenever price runs a significant high or low that gives smart money the opportunity to short or long.
However, they will do it during certain times of day and during news events.
I do not want to see price return back to SOP and stay above it by the tomorrow's New York Open.
London Close I would look for opportunities of the market capping its range expansion(making high or low of the week).
If price has also reached the 3 day average pip range I would expect less movement by the weekly candle.
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