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The Weekly Open in EURUSD is not a random level.
In the last 5 years, during London sessions, the price returned to the Weekly Open 84-85% of the time
[ Data taken from @edgeful ]
If the week opened above:
84.33% retraced to the weekly open.
If the week opened below:
85.48% retraced to the weekly open.
Now, this DOES NOT mean:
"Buy or sell towards the Weekly Open because there is an 85% probability."
The correct way to see it is as a DOL.
If the Weekly Open remains untouched, then that level becomes a target.
Save this tweet and try to apply it on Monday 🔐