Hi,
Can someone please explain how I should be viewing opening and closing prices on charts?
For example, GBPAUD is showing a red (bearish) candle for daily chart on 7 feb, but if I look on 7 feb 1h chart starting from 00:00 hrs to 21:00 hrs the price has risen, not dropped.
My time zone is UTC+1. For my strategy I want to determine if the daily has gone up or down.
Should I viewing trading session times? I.e., London session would be 9am - 5pm. Should I only look between those 2 time intervals?
Thanks :-)
Can someone please explain how I should be viewing opening and closing prices on charts?
For example, GBPAUD is showing a red (bearish) candle for daily chart on 7 feb, but if I look on 7 feb 1h chart starting from 00:00 hrs to 21:00 hrs the price has risen, not dropped.
My time zone is UTC+1. For my strategy I want to determine if the daily has gone up or down.
Should I viewing trading session times? I.e., London session would be 9am - 5pm. Should I only look between those 2 time intervals?
Thanks :-)