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MOP

S.O.P and M.O.P BreakdownHello Traders! Here I break down S.O.P and M.O.P Sunday Opening Price & Midnight Opening Price. Bullish Conditions Weekly Range - Buy below S.O.P - Anticipate the Low of the week to form on Mon, Tue, or Wed. - By Wednesday price should not return to S.O.P Bearish Conditions Weekly Range - Sell above S.O.P - Anticipate the high of the week to form on Mon, Tue, or Wed. - By Wednesday price should not return to S.O.P Bullish Conditions Intraday - Buy below M.O.P - Anticipate the Low of the day to form in London Open - By 12 PM NY EST price should not return to M.O.P Bearish Condition Intraday -Sell above M.O.P - Anticipate the High of the day to form in London Open - By 12 Pm NY EST price should not return to M.O.P Study. Safe Trading. Merry Christmas
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by ForensicForex
2
Midnight Opening Price Ideology: USD/CAD ExampleHello Traders! Midnight Opening Price is a great concept to understand price action from a smart money perspective. Here I am showing this weeks price action and we can see the market was overall trending bullish after a HTF liquidity pool was taken. When the markets are Bearish: Seek to sell above M.O.P The high of the day is most likely going to form in the London Open Session. Look to exit or scale out your trades taken around 12:00 PM NY EST. Why Sell above M.O.P? The markets are seeking the higher price before distributing lower. Midnight Opening Price is consider to be Fair Value to the Forex Algorithm. Anything above M.O.P is going to be a Premium or overbought. Market are more likely to sponsor their sells within a premium not discount. Still do not understand? Take this analogy as comparison: You are business owner and you brought goods at wholesale price at a vendor for $100 You can sell these back to customers for $100 (fair value) or twice as much ($200) Are you looking to breakeven or make profit?
by ForensicForex
Midnight Opening Price Ideology: AUD/USD ExampleHello Traders! Midnight Opening Price is a great concept to understand price action from a smart money perspective. Here I am showing this weeks price action and we can see the market was overall trending bullish after a HTF liquidity pool was taken. When the markets are Bullish: Seek to buy below M.O.P The low of the day is most likely going to form in the London Open Session. Look to exit or scale out your trades taken around 12:00 PM NY EST. Why buy under M.O.P? The markets are seeking the cheaper price before pushing higher. Midnight Opening Price is consider to be Fair Value to the Forex Algorithm. Anything below M.O.P is going to be a discount or oversold. Market are more likely to sponsor their buys within a discount not premium. Still do not understand? Take this analogy as comparison: You are a consumer at the mall and you know a pair of sneakers are releasing today. You know they will cost $100 retail price. These sneaker could be popular and resell for twice as much ($200) OR These sneakers could not be popular and go on sale and cost less than the original retail price. Are you going to buy the sneakers for $200 or will you buy it at retail or cheaper?
by ForensicForex