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I like your thinking, and I have the last week been demotrading this kind of trades when price is on its way to seemingly heavy support and resistance and take small profits, its a bit tricky so far but I will follow this thread with.

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The reason being; I am looking at the previous weeks prices and the new open prices for the week when making my analysis on a Monday and of course many things can happen between the close of the market one week and the opening of.

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