Friday, June 5, 2015
LOD / HOD
This week LOD/HOD trend
Monday - LOD - HOD
Tuesday - LOD - HOD
Wednesday - LOD - HOD
Thursday - HOD - LOD
Friday - LOD - ?
The thursday's trend is either due to the NFP impact by friday therefore the trend are different, or it is indeed vary from time to time.
But after a thorough understanding, the trend based are focused mainly towards the end goal, building the momentum and the range / pips.
The NFP trend is possibly start after the news itself at 8.30PM, though the hint are already shown during the 1hr timeframe 3-4pm.
The LOD / HOD trend started as early by 3pm 1hr candle with the previous candle 1 hour of 1pm and 2pm showing the same trend.
The HOD / LOD trend will be decided after the 1st completion by 6pm, with the consolidation process finish by 7pm.
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