Another trade based on this setup was on CHF/JPY.
The scenario was the same as in the previous case. There was an opening gap and heavy volumes got created before it.
Those volumes were a strong Resistance. The gap completely closed on Monday and then the price reacted to the heavy volumes.
Another nice profit!
BTW I published this trading level in the Weekly trading ideas video in advance on Monday.
Happy trading
Dale
The scenario was the same as in the previous case. There was an opening gap and heavy volumes got created before it.
Those volumes were a strong Resistance. The gap completely closed on Monday and then the price reacted to the heavy volumes.
Another nice profit!
BTW I published this trading level in the Weekly trading ideas video in advance on Monday.
Happy trading
Dale
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