Mary if you read this and trying to make sense of PA and what/why/where/when. I posted a little while back about certain times of day, London open, early US and London close.
This morning the counter trend move up at London open was a classic head fake move. You'll see the failed move up turned (classic 2b trade with divergence on 5 min) and reverted to (dare I say it) the trend.
Pre US session. Be very wary of weak counter trend moves as there are often (2b 5 min) moves back into trend. London close however is known for its smallish counter trend moves.
Just try and be careful in and around those times.
This morning the counter trend move up at London open was a classic head fake move. You'll see the failed move up turned (classic 2b trade with divergence on 5 min) and reverted to (dare I say it) the trend.
Pre US session. Be very wary of weak counter trend moves as there are often (2b 5 min) moves back into trend. London close however is known for its smallish counter trend moves.
Just try and be careful in and around those times.