Joined Nov 2019
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Status: Failure Make Success
|460 Posts
When a break occur with only small difference between high to higher high or low to lower low it will be a gap. The gap actually create a zone itself when 1st retest did not happen at previous HH or LL. Then the 2nd retest usually took place at previous H or L.
Joined Nov 2019
|
Status: Failure Make Success
|460 Posts
NFP DAY
Fundamental drive the price, hint on technical is void today. The release number is very good for stock market and weakened greenback. Obviously for NFP, when hawkish for stock, will be good also for commodity esp Gold and weakened USD. Its good to follow the trend and all the setups work well today esp Gold and UJ. Trade only selected pairs on NFP will be easy to control the risk.
Joined Nov 2019
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Status: Failure Make Success
|460 Posts
Orders
The reason i like about this pattern is order placement. B is a huge order been placed because :
B is a target for tp from A buyers create SELL orders to liquidate buyers position .
B is a SELL orders to execute buy stop orders from B itself .
Both buy orders need sell to fill their orders.
So SELL orders is the biggest orders.