Replaying Trade Setups - Market Open Price Reactions

When markets open (Tokyo/Hong Kong/London/New York/Sydney) they can have different reactions to price movement.

One of these reactions can be a quick move up to induce traders to go long and then reverse.

This can sometimes be seen as a hammer candle.

This particular trade was placed at the hammer candle close. 1% Stoploss above and 1% take profits increments below.

Stoploss was then moved into profit.

BTCHammerTechnical Indicatorslondonmarketopen

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