GBP/USD Weekly ViewHello Traders!
Here is what your weekly candle did today.
High of the week Tuesday.
Low of the week Thursday.
Higher close to the week on Friday.
SOP
Double Confluence Discount Vs Premium Hello Traders!
Hope this paints a great picture of discount vs premium
Tuesday is below Sunday's Opening Price and Midnight Opening Price.
Commercials are more likely to buy.
Wednesday is above Sunday's Opening Price and Midnight Opening Price.
Commercials are more likely to sell.
EUR/USDHello Traders!
This is how I view the market.
If price is bullish we will see Tuesday or Wednesday make the low of the week.
Monday was a small range day which is not surprising giving all the excitement from the CPI last week.
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
