Replaying Trade Setups - Market Open Price Reactions
When markets open (Tokyo/Hong Kong/London/New York/Sydney) they can have different reactions to price movement.
One of these reactions can be a quick move up to induce traders to go long and then reverse.
This can sometimes be seen as a hammer candle.
This particular trade was placed at the hammer candle close. 1% Stoploss above and 1% take profits increments below.
Stoploss was then moved into profit.
One of these reactions can be a quick move up to induce traders to go long and then reverse.
This can sometimes be seen as a hammer candle.
This particular trade was placed at the hammer candle close. 1% Stoploss above and 1% take profits increments below.
Stoploss was then moved into profit.