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.
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.